Iraq s most energy storage investment in tunisia

Will totalenergies build a solar farm in Iraq?

The new project is TotalEnergies’ second GW-scale project in Iraq. Image: TotalEnergies French energy major TotalEnergies has agreed to build a 1GW solar farm in the Basra region of southern Iraq in a deal that also sees substantial investments in new gas networks and seawater treatment totalling US$10 billion.

Does Iraq have a good power sector?

As a major producer, Iraq’s electricity sector is almost entirely dependent on fossil fuels, which account for more than 80% of power generation. Despite its vast energy resources, the performance of the country’s power sector is sub-optimal.

How much solar power does Iraq need?

Iraq has an ambition to have an installed solar generation capacity of 10GW by 2030, representing 20-25% of its energy mix, in order to reduce its carbon footprint and its reliance on fossil fuel-based power generators. The country has also signed deals with both PowerChina and Masdar totalling 4GW as it seeks to boost its deployment of renewables.

Will Iraq benefit from a new gas processing facility?

Iraq is set to benefit from a US$250 million new gas processing facility named ArtawiGas25, built by TotalEnergies on the Ratawi oil field in Southern Iraq. This investment comes as the country strives to achieve a reduction in the import bill and attract foreign investment.

What is the biggest investment by a Western Company in Iraq?

However, as part of the investment, Total is also constructing a new gas gathering network as well as a large-scale seawater treatment unit. “This is the biggest investment by a western company in Iraq,” said Ihsan Abdul Jaber, Iraq’s oil minister according to French media reports.

How does Iraq's power sector perform?

Despite its vast energy resources, the performance of the country’s power sector is sub-optimal. Iraq’s power sector suffers from a double whammy: unsustainable growth in power demand, coupled with under-investment and a lack of reforms in generation, transmission, and distribution. The result is a growing mismatch between power supply and demand.