- Iraq has signed up an agreement with Power China to develop solar power capacity
- Plan is to develop 2 GW of solar capacity, with 750 MW to be established under phase I
- This is the country’s 3rd major agreement in recent times to have international private players to develop solar power capacity
The Ministry of Electricity of Iraq has entered an agreement with Chinese engineering construction company Power China to establish 2 GW worth of solar power plant capacity in the country.
Under phase I, the plan is to develop 750 MW, the Iraqi government announced on its Twitter account. That’s all what’s known about the development, but it shows the country’s seriousness to get private international investors to develop its solar sector where it aims to have a 10 GW capacity by 2030, according to a Bloomberg report (see Iraq Targets 10 GW Solar Power Capacity By 2030).
In June 2021, Iraq’s National Investment Commission entered into an agreement with Abu Dhabi’s Masdar to develop a minimum of 2 GW solar PV capacity (see Iraq Signs Up Masdar To Develop 2 GW PV Projects). Another foreign investor TotalEnergies, previously Total, has also agreed to build 1 GW PV capacity for the oil producer of the world (see Total To Build 1 GW Solar Capacity In Iraq).
According to S&P Global, the US pressure on Iraq is forcing the country to bring down its dependence on Iranian electricity imports since the latter has been under US sanctions. Iran itself isn’t self-sufficient in this field which adds to Iraq’s problems, hence the need to have renewable energy sources to strengthen the power supply.