Masdar signs an agreement to develop solar energy projects in Iraq

Masdar signs an agreement to develop solar energy projects in Iraq
Masdar signs an agreement to develop solar energy projects in Iraq

The Abu Dhabi Future Energy Company “Masdar”, one of the world’s leading companies in the field of renewable energy, announced today the signing of a strategic agreement with the Republic of Iraq to develop five solar photovoltaic projects in the country with a total production capacity of one gigawatt.

“Masdar” signed an implementation agreement with the Ministry of Electricity and the National Investment Commission in Iraq to develop five solar energy projects in different regions of Iraq, including a 450-MW plant in Dhi Qar Governorate in the south, two plants with a capacity of 100 MW and 250 MW in the city of Ramadi in the center of the country, and a 100-MW plant in Mosul in the north and a 100 MW plant in Amarah in the southeast.

During a ceremony held in the Iraqi capital, Baghdad, and in the presence of His Excellency Dr. Mustafa Al-Kazemi, Prime Minister of the sisterly Republic of Iraq, His Excellency Suhail bin Muhammad Faraj Faris Al Mazrouei, Minister of Energy and Infrastructure, His Excellency Ihsan Abdul Jabbar Ismail, Chairman of the Ministerial Council for Energy, Minister of Oil in Iraq, and His Excellency Adel Karim, Minister of Electricity In Iraq, His Excellency Salem Issa Al-Qattam, the country’s ambassador to the Republic of Iraq, and members of the management of the “Masdar” company .. The agreement was signed by Suha Al-Najjar, President of the National Investment Commission in Iraq, Maha Hamoudi Abdul-Jabbar, Director General of the Investments and Contracts Department at the Iraqi Ministry of Electricity, and Muhammad Jamil Al-Ramahi, President CEO of Masdar.

His Excellency Suhail bin Muhammad Faraj Faris Al Mazrouei expressed his happiness at the strengthening of the fruitful cooperation between the UAE and the sisterly Republic of Iraq, stressing the importance of this agreement in supporting Iraq’s efforts to achieve its energy goals and reduce the consequences of climate change.

He said: “Recent years have witnessed rapid growth of the renewable energy sector, and clean technologies have proven their economic feasibility. Masdar has been able to consolidate its leadership in this sector through a diversified portfolio of projects to contribute to supporting the UAE’s endeavors to build a competitive economy based on knowledge, innovation, sustainable environment and infrastructure.” Sophisticated and integrated infrastructure.

His Excellency added: “Through this important agreement, we look forward to exploring more opportunities in the region, which is rich in its natural resources, and to consolidate our partnership with our brothers in Iraq in order to enhance the development process witnessed by the country and to ensure a better and sustainable future for the region.”

For his part, Mohammed Jamil Al Ramahi stressed that this agreement strengthens the solid relations between the UAE and the Republic of Iraq and allows for the exchange of experiences and knowledge between the two countries.. He pointed out that the UAE and Iraq share a quest to enhance the energy mix and thus effectively contribute to climate action efforts.

He said, “Masdar has contributed to promoting the spread of renewable energy solutions, advancing innovation in the field of clean technologies, and developing projects in more than 30 countries around the world. We will harness the experience we gained in developing these global projects to support Iraqi efforts in the transformation process within the energy sector.”

Last June, the Abu Dhabi Future Energy Company “Masdar” announced the signing of the main terms of a future contract agreement with the Ministry of Electricity and the National Investment Authority in Iraq to develop solar photovoltaic projects in the country with a total production capacity of a minimum of 2 gigawatts.

The Republic of Iraq is the second largest oil-producing country within the Organization of Petroleum Exporting Countries “OPEC” and looks forward to increasing the share of renewable energy from the total energy produced from 20 to 25 percent by the end of this decade in order to address supply problems and achieve climate goals.

Iraq, which this year joined the Paris Climate Agreement, has some of the highest levels of solar radiation in the region.

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