Masdar to develop five solar projects in Iraq
BAGHDAD, October 7, 2021 – Masdar has signed a strategic agreement with the Iraqi government to build five solar photovoltaic projects with a combined capacity of 1 GW, the UAE’s state-run renewables entity announced on Thursday.
The contract with the Ministry of Electricity and the National Investment Commission includes development of a 450-MW plant in Dhi Qar Governorate; two plants with capacities of 100 MW and 250 MW in Ramadi; a 100-MW plant in Mosul; and a 100-MW plant in Amarah.
“This agreement strengthens the already powerful bond between the UAE and the Republic of Iraq, and will facilitate knowledge exchange between our two great nations,” said Mohamed Jameel Al Ramahi, CEO of Masdar. “The UAE and Iraq share a common goal to diversify the energy mix, and to take a lead on climate action.”
Iraq is looking to raise the capacity of its renewables by 20-25% by 2030, which amounts to 10-12 GW.