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QatarEnergy agrees to 50-50 share split in Iraqi solar project with TotalEnergies: State-owned QatarEnergy signed a partnership agreement with France’s TotalEnergies to develop a 1.25 GW solar power project in Iraq as part of the country’s Gas Growth Integrated Project (GGIP), according to a statement. The agreement — which will see QatarEnergy and TotalEnergies each holding a 50% share in the project — is still pending regulatory approvals.
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About the project: The project will feature two mn “high-efficiency” bifacial solar panels on single-axis trackers and is expected to supply power to approximately 350k homes in the Basra Governorate upon completion between 2025 and 2027.
QatarEnergy is already in on Iraq’s GGIP: QatarEnergy acquired a 25% stake in a USD 27 bn cluster of energy projects in Iraq, with Iraq’s state-owned Basrah Oil Company holding a 30% stake and TotalEnergies snapping the remaining 45%. The agreement reportedly included the development of a 1 GW photovoltaic power plant to supply the Basrah regional grid.
Iraq has big renewables plans this year: The Iraqi government said early this year that they were planning to ink agreements for 3.7 GW of renewable energy by year-end. The country has already signed three agreements to generate 2.4 GW of renewable energy, 500 MW of which should be operational this year. The country is also tapping Saudi’s Acwa Power for a 1 GW project in Najaf city, and UAE’s Masdar for another 1 GW project in its western regions.
