EQ iSearch Report on Middle East Solar Industry Sept 2021

Page 30

IRAQ

Iraq electricity demand is growing very fast especially in the peak summer month, and Solar projects will help the government to fulfill this energy demand, as installing Solar projects is quick, cost-effective also support Iraq's plans to become self-sufficient, also will help to reduce the cost of electricity imports. The country has set a target to upgrade renewable energy production to between 20-30 percent of the total power output by 2027. Iraq plans to reach 10 GW of Solar PV installed capacity by 2030 and is planning to develop seven Solar PV plants with a combined capacity of 700 MW. The government sets a goal for 2018-2022, to install 1000 MW of Solar PV projects by the end of the second year of the four years program for which the council of Ministers signed an agreement in a single bid manner from the French company -Total to invest in generating Solar power, the company got the contract to develop solar PV project of 500 MW which needs to starts by 2022 end. The government has also planned a pilot project to install 8 MW of solar rooftop projects at different government buildings. The council of Ministers is also planning for the distribution of integrated Solar energy systems to 3,000 low-income families free of charge.

Cumulative Solar PV Installation in Iraq

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iSearch Middle East Solar PV Industry

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