Iraq Aims To Develop 5,000 MW Solar Power Projects Next Year

• The revelation has been made by Iraq's Electricity Minister Adel Karim.
• The nation will sign contracts with local as well as worldwide business for the development of the solar projects.

Iraq is bullish on the development of renewable resource in the nation to decarbonise its energy industry while likewise minimizing the electricity import costs. According to reports, Iraq-- which is a member of Organisation of the Oil Exporting Countries (OPEC)-- is deliberating granting solar power projects of a capacity of about 5000 MW to international companies in the coming year. The revelation has actually been made by Iraq's Electricity Minister Adel Karim.

Adel Karim held that his Electricity Ministry had already finalised main agreements with numerous foreign entities for the growth of solar power projects having a total generation capacity of about 7,500 MW. The Minister stated that the renewable energy projects granted in the current past were simply part of phase among an extensive strategy. It is aimed at expanding the nation's dependence on tidy and renewable resource.

He stated, "There are strategies to authorize new agreements with a number of local and also global firms to develop even more solar power terminals that will certainly generate 5,000 MW."

The Minister did not divulge the names of the companies that will be associated with the construction of the solar energy projects. However, the Iraqi Government had actually currently inked arrangements with essential renewable resource players like France-based Total Energies and also Abu Dhabi-based Masdar among others to establish 7 solar energy stations throughout Iraq.

The OPEC country intends to produce 10 GW of renewable resource by 2030. It presently creates about 19,000 MW of electricity while its actual requirement is around 30,000 MW. A big part of its requirement is fulfilled with electricity imports from Iran. There are strategies to import electricity also from Jordan and also other Gulf countries.

Masdar had revealed in June that it had begun the growth of solar energy projects with an integrated capacity of 1 GW in different governorates of Iraq. There are other two solar projects likewise that will certainly be developed by Total Energies (1 GWp solar complex) and Power Construction Corp of China or Power China (750 MW). All 3 projects will certainly be operational in 2025.