星期二, 10月 26, 2021
Home PV Project Masdar secures deal to build 2 GW of solar in Iraq

Masdar secures deal to build 2 GW of solar in Iraq

The UAE-based developer wants to build several projects at unspecified locations in central and southern Iraq.

Source:pv magazine

Abu Dhabi-based renewable energy developer Masdar has signed an agreement with Iraq’s government to build PV power generation assets with a combined capacity of 2 GW in the country.

The projects are planned for unspecified locations in central and southern Iraq. Masdar will act as an independent power producer under the framework of Iraq’s Investment Law 13/2006.

“The project is one of the largest renewable photovoltaic solar projects in the Middle East, and falls within the vision of Iraq’s sustainable transition plan 2021- 2030,” said Suha Al-Najar, president of the National Investment Commission. The project delivers 2 GW of green energy for Iraq’s national network.

More financial or technical details on the scheme were not provided.

According to the International Renewable Energy Agency, Iraq has an installed PV capacity of only 216 MW despite a huge solar potential. No additional solar power has been deployed in the country in the past three years. In 2017, Iraq’s installed, mainly fossil-fuel based power generation capacity stood at around 11.3 GW versus demand estimated at 17 GW.

The Ministry of Electricity began procurement of seven PV power projects with a combined capacity of 755 MW in May 2019. The results of this tender are expected to be announced this year.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

Concrete Banking Rules and Uniform State Policies Key to Open Access Solar Growth

Mercom hosted a?session?on ‘Open Access Solar – an Ideal Solution to Reduce Carbon Footprint and Operating Costs for C&I Entities’ at?‘Mercom India Solar Forum...

Lenders Reluctant to Finance Rooftop Solar Due to Lack of Resale Market

Mercom hosted a virtual conference, ‘Mercom India Solar Forum 2021‘on October 21, 2021. In one of the sessions titled ‘Rooftop Solar – Demand is Up...

A Self-Sustained Solar Manufacturing Ecosystem Could be in Place in India in 2 to 3 years

The growing needs of the Indian solar industry and COVID-19 related supply chain disruptions have increased the need for developing a self-sustaining manufacturing ecosystem. The...

Project Finance Brief: Galp Energia Acquires 594 MW of Solar Projects in Brazil

From: Mercom Capital Group Portuguese energy company Galp agreed to acquire and develop solar projects in Brazil with a combined capacity of 594 MW, moving...