Investment In Solar Pv

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.

Project Name

Sawa-1 Sawa-2 Khidhir Iskandariya Jissan Karbala Diwania Source: Ministry of Electricity, Iraq

Solar PV Tender in Iraq

Capacity (MWp)

30 50 50 225 50 300 50

Location

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.

EQ iSearch

As per the Ministry of Electricity, 465 MW of Solar Pv projects has been awarded to Sama Baghdad Power Company at different project location such as Babil, Iskandariya (225 MW), Al Anbar, Ramadi (100 MW), Al Anbar, A'miriyat Alsmoud (50 MW), Al Faluja (40 MW), Al Shehabi (50 MW).

Governate Baghdad Al Muthana Al Najaf Al Diwaniya Dhi Qar Messan Al Anbar Karbalaa

MOE Plan for Investment in PV Solar Energy (2017-2020)

2017 (MW) 2018 (MW) 2019 (MW)

15 30 30

130 100 30 50 50 30 50 50

50 150 430 50 50 10 30 50 100

- 30 30

Wassit Diyala Babil Total Source: Ministry of Electricity (MOE), Iraq 75 15 185 1150 30 25 100 455 30 25 100 525

2020 (MW)

30 30 50 50 30 50 10 30 30 25 50 385

EQ iSearch

The government issued a white paper, where energy sector reform played an important role to meet the increasing electricity demand. Due to political instability, many of the projects come to a halt, which raises huge power cuts especially in the summer season where the demand is high. Iraq thinks tank estimates that country needs $40 billion to achieve the stated goal of 24*7 electrification by 2030. The country's current policy is not sufficient to support the development and free the electricity retail business. Several new laws need to be legislated such as rooftop solar, net metering which allows the customer to sell excess electricity to the grid. The electricity market needs to be established to facilitate the financial transaction between the electricity generator and distribution/retail companies. Iraq has signed a 2 GW agreement with Masdar which will be built in central and southern parts of the country with an investment of around $1 billion. Total (Energy) is also planning to build a 1 GW Solar PV plant as per the agreement signed by the company with the Iraqi government which has been sending to the cabinet for final approval. Even though many Solar PV projects are announced but Iraq needs to adopt consolidated policies to promote other sources of energy other than oil and gas if wants to go neck to neck with the rest of the countries in the middle east region.