Masdar Inks PV Projects Deal With Iraq

Masdar To Develop 5 Solar PV Projects Of 1 GW Capacity In Iraq
11:07 PM (Beijing Time) - 14. October 2021
Masdar Inks PV Projects Deal With Iraq

As Abu Dhabi's Masdar signs 1 GW solar project agreement withIraq, the developer said it looks forward to leveraging its expertise in renewable energy and clean-tech innovation to support Iraq in its energy transition. (Photo Credit: Masdar)

Key Takeaways

  • Renewable energy company Masdar announced signing a strategic agreement with the Republic of Iraq to develop five solar photovoltaic (PV) projects
  • The combined capacity of the projects, which will all be developed in Iraq, is 1 GW.
  • The five projects would include a 450 MW plant in the Dhi Qar Governate in southern Iraq; a 100 MW and a 250 MW plant, both located in Ramadi in central Iraq; a 100 MW plant in Mosul in the north; and a 100 MW plant in Amarah in the southeast.
  • In June, The National Investment Commission of Iraq had signed a Heads of Agreement with Masdar to develop a minimum of 2 GW solar PV capacity in Iraq

Abu Dhabi based renewable energy company Masdar announced signing a strategic agreement with the Republic of Iraq to develop 5 solar photovoltaic projects. The combined capacity of the projects, which will all be developed in Iraq, is 1 GW.

The five projects would include a 450 MW plant in the Dhi Qar Governate in southern Iraq; a 100 MW and a 250 MW plant, both located in Ramadi in central Iraq; a 100 MW plant in Mosul in the north; and a 100 MW plant in Amarah in the southeast.

The signing took place in Baghdad between Masdar and Iraq’s Ministry of Electricity and the National Investment Commission to develop the following projects. Speaking on the occasion, Minister of Energy and Infrastructure for the UAE HE Suhail Al Mazroui said, “This agreement represents an important step forward in relations between the UAE and Iraq and will support Iraq’s efforts to achieve its clean energy and climate change goals.”

CEO of Masdar Mohamed Jameel Al Ramahi said: “The UAE and Iraq share a common goal to diversify the energy mix, and to take a lead on climate action. Masdar has been a catalyst for renewable energy and clean-tech innovation in more than 30 countries around the world, and we will leverage the expertise we have developed to support Iraq in its energy transition.”

In June, The National Investment Commission of Iraq had signed a Heads of Agreement (HOA) with Masdar to develop a minimum of 2 GW solar PV capacity in Iraq, in a bid for the country to increase its clean energy portfolio (see Iraq Signs Up Masdar To Develop 2 GW PV Projects).

The latest deal with Madar follows on several other such agreements for solar energy developments in Iraq in recent times, with international investors as TotalEnergies that will develop 1 GW solar PV, PowerChina with another 2 GW capacity (see Total Energies For I GW Solar PV In Iraq). Earlier this month, Iraq’s Ministry of Oil has entered an agreement with a consortium led by Norwegian renewable energy company Scatec for the Norwegian company to develop a large-scale solar power plant in the country, representing a total of 525 MW capacity (see 525 MW New Solar Project For Iraq).

Anu Bhambhani

Anu Bhambhani is the Senior News Editor of TaiyangNews

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Anu Bhambhani