Saudi-owned energy and water desalination developer ACWA Power plans to build a 1,000 MW solar photovoltaic project located in Najaf City, about 160 km from the capital city of Baghdad, Iraq.
The project is a partnership between the Kingdom of Saudi Arabia and Iraq. The two countries collaboration in the energy sector will increase the dependability of both's electrical networks, save money, promote appropriate energy exchange for electricity production, and encourage investment in electricity generation projects.
ACWA Power is a developer, investor, co-owner, and operator of a portfolio of power generation and desalinated water production plants currently with operations in 10 countries in the Middle East and North Africa, Southern Africa, and South East Asia regions.
Country updates
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October 11, 2022
Iraq plans to develop 5 GW solar PV projects in 2023
The Ministry of Electricity of Iraq plans to award up to 5 GW of solar energy capacity to interested foreign companies in 2023. The details of the new projects are yet to be finalized. Currentl...
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July 21, 2022
Al-Muthanna Governorate to set up 630 MW of solar projects
Southern Iraq's Al-Muthanna Governorate plans to build two solar parks with a combined capacity of 630 MW to support the province's energy supply. One of the solar farms, with a capacity of 130 MW, w...
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May 24, 2022
Iraq intends to develop 750 MW solar project in Al-Muthanna
Iraq is planning to develop a 750 MW photovoltaic solar project in the southern Al-Muthanna Governorate of Iraq. The federal government is committed to supporting Al-Muthanna with a large-scale solar...
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September 26, 2019
Iraq to develop 1.5 GW phase of Besmaya Gas-fired Power Plant
Mass Energy Group Holding (MGH) and GE Power signed a new agreement to establish Phase 3 of the Besmaya Power Plant, taking the total capacity of the facility up to 4.5 gigawatts (GW). Under the scope...
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May 04, 2016
IFC arranges US$375 M financing for power project in Iraq
IFC, a member of the World Bank Group, has arranged a US$375 million financing package for a leading private Iraqi power company, Mass Global Energy Sulimaniya. The project will provide electricity to...
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