QatarEnergy has entered into a partnership with TotalEnergies to develop a large-scale solar power project in Iraq, the company announced on October 28, 2024. The agreement will see QatarEnergy acquire a 50% stake in the solar photovoltaic project, while TotalEnergies will retain the remaining half. The deal is pending regulatory approvals.
The solar facility is part of the Gas Growth Integrated Project (GGIP) in Iraq and will be built in the Basra region. When completed, it will have a peak capacity of up to 1.25 gigawatts and use two million high-efficiency bifacial panels mounted on single-axis trackers. The development will occur in phases between 2025 and 2027 and is expected to provide electricity for approximately 350,000 homes.
His Excellency Mr. Saad Sherida Al-Kaabi, Minister of State for Energy Affairs and President and CEO of QatarEnergy, stated: “I am pleased to have concluded our entry into this very important project for Iraq’s energy sector, and look forward to working with our strategic partner, TotalEnergies, to progress it to fruition. We thank the Iraqi government for their trust, and TotalEnergies for this opportunity to support Iraq’s solar power development.”
QatarEnergy previously announced its participation in GGIP in June 2023 as part of a consortium that includes TotalEnergies (45%) and Basra Oil Company (30%), holding a 25% interest itself. GGIP aims not only at developing natural resources but also at reducing gas flaring by recovering significant volumes of gas across Basra for use in power generation plants.
