EQ iSearch Report on Middle East Solar Industry Sept 2021

Page 31

Iraq Power Mix By 2020

EQ iSearch

The Ministry of Electricity has put out Solar PV tenders for 755 MW for investments. These projects are expected to be completed in twelve months from the point of allocation to the investors/developers under Independent Power Producer (IPP) model. The Ministry of Electricity is also looking for other non-conventional energy such as Wind, Waste to Energy, Geothermal Technology to achieve the renewable power mix target by 40% in the long term.

Solar PV Tender in Iraq Project Name Sawa-1 Sawa-2 Khidhir Iskandariya Jissan Karbala Diwania Source: Ministry of Electricity, Iraq

Capacity (MWp)

Location

30 50 50 225 50 300 50

Muthana Muthana Muthana Babil Wassit Karbala Diwania

INVESTMENT IN SOLAR PV The Ministry of Electricity has planned for the investment in Solar PV energy till 2020 by the governate in the country. For the utility-scale project, Iraq is undertaking a free-market approach by allowing the developers to build the projects based on reverse auction, the L1 bidders will get the opportunity to build the projects on BOO (Build Own Operate) and IPP models.

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iSearch Middle East Solar PV Industry

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