- QatarEnergy will hold a 50% stake in the large-scale solar project, with TotalEnergies retaining the remaining half.
- The project will feature 2 million bifacial solar panels and will generate up to 1.25 gigawatts (peak) of power for the Basra region.
- Expected to be completed in phases from 2025 to 2027, it will supply electricity to about 350,000 homes.
- His Excellency Mr. Saad Sherida Al-Kaabi expressed QatarEnergy’s commitment to supporting Iraq’s solar power development alongside TotalEnergies.
QatarEnergy has entered into a major partnership with TotalEnergies to advance a large-scale solar power project under Iraq’s Gas Growth Integrated Project (GGIP). This strategic venture represents a significant step in QatarEnergy’s broader commitment to renewable energy solutions in the region.
The agreement, pending regulatory approval, grants QatarEnergy a 50% stake in this solar photovoltaic (PV) project, with TotalEnergies retaining the remaining half, solidifying a balanced collaboration between the two energy giants.
The project is set to feature approximately two million advanced bifacial solar panels, mounted on single-axis trackers to optimize energy generation from sunlight. These high-efficiency panels are designed to maximize energy output and durability, even in challenging conditions, supporting a peak production capacity of up to 1.25 gigawatts.
This substantial output will contribute directly to Iraq’s electricity grid, specifically benefiting the Basra region, where demand for reliable and sustainable power has continued to grow.
The project will unfold in multiple phases, expected to become operational between 2025 and 2027. Once fully operational, it is projected to generate enough electricity to power approximately 350,000 homes in Basra, providing essential power to support local communities and industries.
This initiative aligns with Iraq’s goals to diversify its energy sources and reduce reliance on conventional fossil fuels, driving economic and environmental progress within the country.
- This partnership with TotalEnergies is part of a larger initiative by QatarEnergy to support Iraq’s energy sector transformation.
- In June 2023, QatarEnergy announced its involvement in the broader GGIP framework, acquiring a 25% interest in the project alongside TotalEnergies, which holds a 45% share, and Iraq’s Basra Oil Company, with a 30% stake.
- The GGIP initiative aims to harness Iraq’s natural resources, including capturing significant volumes of gas that would otherwise be flared.
By doing so, it will support power generation facilities and minimize environmental impact, aligning with global sustainability goals.
The collaborative solar power project represents a meaningful contribution toward Iraq’s renewable energy landscape and underscores QatarEnergy’s dedication to sustainable energy solutions on a global scale.
His Excellency Mr. Saad Sherida Al-Kaabi, Qatar’s Minister of State for Energy Affairs and CEO of QatarEnergy, expressed his optimism about the project, highlighting the shared vision with TotalEnergies and acknowledging Iraq’s government for its trust. This partnership is poised to enhance Iraq’s energy capabilities, ensuring a cleaner, more reliable energy supply for years to come.
