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.
Currently, Iraq has signed a multi-billion-dollar deal with Total Energy of France, Abu Dhabi-based Masdar, and other companies to develop seven major solar power stations across the country. Plans have been unveiled in recent months for a number of large solar photovoltaic (PV) parks such as the 750 MW and 150 MW solar PV farms in Al Muthanna and Al Anbar provinces, respectively.
Iraq is targeting to boost the production of renewable energy capacities to 10 GW by 2030.
Country updates
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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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October 23, 2015
IFC to finance CCGT conversion in Iraq
The International Finance Corporation (IFC) is considering to provide a loan to and invest up to USD250 million to complete the conversion of the 1,000 MW Sulaymaniyah Gas Power Station (SGPS) locate...
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