United Arab Emirates-based renewable energy company Masdar has signed an agreement with the Iraqi Government to develop five solar photovoltaic (PV) power plants in the region.

The facilities will have a combined capacity of 1GW and be located in four different areas of the country.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The largest will be a 450MW solar PV plant situated in the Dhi Qar governate in southern Iraq.

Masdar will also develop two solar farms in the city of Ramadi. One of the farms will have 100MW of capacity, while the other project’s capacity will come to 250MW.

The two remaining projects will be located in Mosul and Amarah respectively, with each having an installed capacity of 100MW.

Masdar CEO Mohamed Jameel Al Ramahi said: “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.

“The UAE and Iraq share a common goal to diversify the energy mix, and to take a lead on climate action.

“Masdar has been a catalyst for renewable energy and clean-tech innovation in more than 30 countries around the world, and we will leverage the expertise we have developed to support Iraq in its energy transition.”

These solar projects will help Iraq meet its goal of increasing its renewable power generation capacity from 5% to 25% by 2030.

UAE Energy and Infrastructure Minister Suhail Al Mazroui said: “This agreement represents an important step forward in relations between the UAE and Iraq and will support Iraq’s efforts to achieve its clean energy and climate change goals.

“The renewable energy sector is seeing rapid growth as clean technologies prove their economic viability.”

In August, Masdar inaugurated the 100MW Nur Navoi Solar project in Uzbekistan.

The solar PV plant is expected to power 31,000 households and offset almost 150,000t of carbon emissions a year once fully operational.