Qatar, France to develop solar power plant in Iraq

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data-page="/business/energy/qatar-france-to-develop-solar-power-plant-in-iraq-1.1730198873337" class="article " data-featured-image="https://imagevars.gulfnews.com/2022/09/24/Stock---TotalEnergies_1836efbc6cd_medium.jpg" data-sections="business,energy" data-authors="Chantal Fouad" itemtype="https://schema.org/Article" id="1.1730198873337"> <header> <div class="row"> <div class="col text-left d-none d-md-block"> </div> <div class="col d-none d-md-block"></div> </div> <h1 itemprop="headline" class=" " data-article-head>Qatar, France to develop solar power plant in Iraq</h1> <p class="lead ">The two companies will share ownership of the project, pending regulatory approvals.</p> <hr class="divider"> <div class="row"> <div class="col-sm-12 col-md-5 gn-col-article-meta"> <div class="article-meta"> <time class="publish" itemprop="datePublished" datetime="2024-10-29T14:44:50.29+04:00"> Published:  <span class="time">October 29, 2024 14:44</span> </time> <span itemscope="" itemtype="http://schema.org/Person" itemprop="author" class="author"> <a rel="author" class="font-weight-bold" itemprop="sameAs" href="#"> <span itemprop="name">Chantal Fouad, Assistant Editor</span> </a> </span> </div> </div> <div class="col-sm-12 col-md-7 gn-col-share d-flex justify-content-start justify-content-md-end"> <div class="gn-media-follow-us"> <a href="javascript:void(0)" class="follow-us-link" role="button" tabindex="0" data-toggle="gn-follow-us-popover" data-placement="bottom" data-trigger="focus" html="true" data-popover-content="#gn-follow-us-popover"> <div class="follow-us-text"> Follow us <i class="follow-us-plus"> <svg width="15" height="16" viewBox="0 0 15 16"> <path d="M6.06577 9.1375H0V6.8625H6.06577V0.796722H8.34077V6.8625H14.4065V9.1375H8.34077V15.2033H6.06577V9.1375Z"/> </svg> </i> </div> </a> </div> <div class="article-share gn-media-share-links"> <a href="javascript:void(0)" class="share-link facebook" data-share="facebook" 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xlink:href="//gulfnews.com/svg/gn-sprite.svg#share"></use> </svg> </a> </div> </div> </div> <hr class="divider" /> </header> <div class="article-body" itemprop="articleBody"> <figure itemprop="associatedMedia image" itemscope="" itemtype="http://schema.org/ImageObject" class="article-main-image media-landscape pull-left"> <picture> <source media="(min-width: 1024px)" srcset="https://imagevars.gulfnews.com/2022/09/24/Stock---TotalEnergies_1836efbc6cd_large.jpg"> <source media="(min-width: 750px)" srcset="https://imagevars.gulfnews.com/2022/09/24/Stock---TotalEnergies_1836efbc6cd_large.jpg"> <img src="https://imagevars.gulfnews.com/2022/09/24/Stock---TotalEnergies_1836efbc6cd_medium.jpg" alt="Stock - TotalEnergies"> </picture> <figcaption class="image-caption" itemprop="description"> The two companies will share ownership of the project, pending regulatory approvals. <span class="image-credit">Image Credit: Bloomberg</span> </figcaption> </figure> <div class="related-package"> <h5 class="text-uppercase similar-title pb-2">Also in this package</h5> <ul class="list-unstyled mt-2"> <li> <a href="/business/energy/saudi-arabia-signs-localisation-deals-for-wind-energy-projects-1.1730117253630" data-article-id="1.1730117253630" data-article="package" data-load-uri="/business/energy/saudi-arabia-signs-localisation-deals-for-wind-energy-projects-1.1730117253630?articleTypeSuffix=Package"> Saudi Arabia signs localisation deals for wind energy projects </a> </li> <li> <a href="/business/markets/acwa-power-investments-in-africa-reach-7b-1.1730122427025" data-article-id="1.1730122427025" data-article="package" data-load-uri="/business/markets/acwa-power-investments-in-africa-reach-7b-1.1730122427025?articleTypeSuffix=Package"> Acwa power investments in Africa reach $7b </a> </li> <li> <a href="/business/markets/saudi-arabia-introduces-import-from-saudi-service-1.1730195522455" data-article-id="1.1730195522455" data-article="package" data-load-uri="/business/markets/saudi-arabia-introduces-import-from-saudi-service-1.1730195522455?articleTypeSuffix=Package"> Saudi Arabia introduces ‘Import from Saudi’ service </a> </li> </ul> </div> <div class="story-block"> <p>Dubai: QatarEnergy, petroleum company, and France’s TotalEnergies have signed a deal to develop a solar power plant as part of Iraq's gas growth integrated project (GGIP).</p> </div> <div class="story-block"> <p>The two companies will share ownership of the project, pending regulatory approvals. Described as "one of the largest in the world", it will feature two million high-efficiency bifacial solar panels, generating up to 1.25 gigawatts (GW) for the Basra region's electricity grid, as reported by Reuters.</p> </div> <div id="PA_mid-article"></div> <div class="cacher"> <div class="story-block"> <p>Once operational, the plant will provide power for 350,000 homes and will be developed in phases, with completion expected between 2025 and 2027.</p> </div> <div class="story-block"> <p>In June 2023, QatarEnergy joined a consortium for the GGIP, holding a 25 per cent stake, while TotalEnergies has 45 per cent and Iraq’s Basra Oil Company has 30 per cent.</p> </div> <div class="story-block"> <p>This initiative focuses on developing Iraq’s natural resources and capturing significant amounts of flared gas in the Basra area to supply power generation.</p> </div> <div class='adv '><div id='gulfnews_business_article_1' data-gpt='Gulfnews_Article/gulfnews_business_article/gulfnews_business_article_1' data-atf='0' data-size='[320,50]' data-size-mapping='[ [ [ 1024, 500 ], [ [300,100], [300,250], [710,250], [710,400], [1,1], [336,280], [200,200], [250,250] ] ],[ [ 768, 420], [ [300,100], [300,250], [1,1], [336,280], [200,200], [250,250] ] ],[ [640, 320], [ [300,250], [300,100], [1,1], [336,280], [200,200], [250,250] ] ],[ [0, 0], [ [300,250], [300,100], [1,1], [336,280], [200,200], [250,250] ] ] ]'></div></div> <div class="story-block"> <p>In February, Iraq's cabinet approved plans to install 12 GW of solar power by 2030, according to National Investment Commission representative Rahim Al Jaafari.</p> </div> <div class="story-block"> <p>OPEC is the Organisation of the Petroleum Exporting Countries, which is a cartel enabling the co-operation of leading oil-producing and oil-dependent countries, second-largest crude oil producer after Saudi Arabia.</p> </div> <div class="story-block"> <p>Iraq aims to 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