TotalEnergies signs pact for 1-GWp solar project in Iraq
- French energy major TotalEnergies SE (EPA: TTE) stated today it means to build a 1-GWp solar photovoltaic or pv (PV) complex near the port of Basra, in southern Iraq.
This effort becomes part of the firm's strategy to spend around USD 10 billion (EUR 8.43 bn) in three projects aimed at improving Iraq's electricity supply and oil as well as gas extraction. Three contracts on the issue were authorized with the Iraqi Ministries of Oil and Electricity.
Specific details about the PV project were not disclosed.
As part of its bigger dedication to attend to Iraq's power deficit, TotalEnergies will construct setups to recoup gas that is flared on three oil fields as well as supply 3 GW of power generation capability under a two-phase project. The construction of a seawater therapy system focused on sustaining oil and gas production in Basra is additionally imagined.
TotalEnergies' plans for solar implementation in Iraq begin the heels of news for substantial PV ranches by Masdar, part of Abu Dhabi government's Mubadala Investment firm as well as Chinese state-owned empire Power Construction Corp of China (Power China). Each of them lately signed bargains to add 2 GW of solar power capacity between Eastern country.
