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.
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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.
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