QatarEnergy and TotalEnergies have joined forces to develop a major 1.25-gigawatt solar power project in Iraq, QatarEnergy announced Monday.
According to the agreement which is subject to regulatory approval, QatarEnergy will acquire a 50% stake in the solar project, with TotalEnergies retaining the other half, the Qatari company said in a statement.
The project is part of Gas Growth Integrated Project (GGIP) in Iraq and slated for development from 2025 to 2027, it added.
Described as “one of the largest in the world,” the project will feature 2 million high-efficiency bifacial solar panels on single-axis trackers, generating up to 1.25 gigawatts (peak) of solar power for Iraq's Basra region.
Last year, QatarEnergy announced that it had entered into a consortium to implement the Gas Growth Integrated Project (GGIP) in Iraq, with a 25% participating interest, together with TotalEnergies (45%) and Iraq’s Basra Oil Company (30%).
The GGIP is intended to boost the country's electricity supply by using flared gas from three oilfields to supply power units.
By Handan Kazanci
Anadolu Agency
energy@aa.com.tr