QatarEnergy has entered a partnership with TotalEnergies to undertake a 1.25 GW solar power project in Iraq, which forms part of the Gas Growth Integrated Project (GGIP).
Solar Project will Feature 2 Million Bifacial Panels
This ambitious project, set to be among the largest globally will feature 2 million high-efficiency bifacial solar panels on single-axis trackers. Once completed, it will be able to supply up to 1.25 gigawatts (peak) of solar-generated power to the electricity grid in Iraqโs Basra region.
Under the terms of the agreement which is contingent on regulatory approvals, QatarEnergy will obtain a 50% stake in the solar project with TotalEnergies holding the other 50%.
Phased Development to Power 350,000 Homes in Basra by 2027
The solar project will be rolled out in phases from 2025 to 2027 and will have the capacity to supply electricity to approximately 350,000 homes in the Basra region.
Ready to make big Profits?
The solar Industry is Booming
WE HELP NEWCOMERS to the solar industry start their own solar module production line. Customers can make BIG PROFITS by selling modules and finding investors, without wasting money and time on things they don't need!
โI am pleased to have concluded our entry into this very important project for Iraqโs energy sector, and look forward to working with our strategic partner, TotalEnergies, to progress it to fruition. We thank the Iraqi government for their trust, and TotalEnergies for this opportunity to support Iraqโs solar power development.โ said Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President and CEO of QatarEnergy
QatarEnergy Secures 25% Stake in Iraq Gas Project
In June 2023, QatarEnergy announced its entry into a consortium to execute the Gas Growth Integrated Project in Iraq, holding a 25% stake alongside TotalEnergies (45%) and Iraqโs Basra Oil Company (30%).
The solar project aligns with the Gas Growth Integrated Project's (GGIP) broader objectives of leveraging Iraqโs natural resources. GGIP is a significant strategic initiative aimed at designing and constructing facilities to utilize these resources, including the capture of substantial amounts of flared gas in the Basra region for power generation.
