(Energy Analytics Institute, 28.Oct.2024) — QatarEnergy inked a partnership agreement with the French oil giant TotalEnergies to enter into a solar power project that is part of the Gas Growth Integrated Project (GGIP) in Iraq.
Per the agreement, which is subject to regulatory approvals, QatarEnergy will buy a 50% interest in the solar photovoltaic project, the state-owned company said 28 Oct. 2024 in an official statement. TotalEnergies will retain the remaining 50%, QatarEnergy said.
GGIP is a key strategic project that involves the design and construction of facilities to develop Iraq’s natural resources in addition to recovering significant volumes of otherwise flared gas throughout the Basra region to supply power generation plants.
The solar power project will be one of the largest in the world and will consist of 2 million high-efficiency bifacial solar panels mounted on single-axis trackers. Once completed the plant will be capable of supplying up to 1.25 gigawatts (peak) of solar-generated power to the electricity grid in the Basra region of Iraq.
The project will be developed in phases that will come online between 2025 and 2027 and will have the capacity to provide electricity to about 350,000 homes in the Basra region.
In June 2023, QatarEnergy entered into a consortium to implement the GGIP with a 25% participating interest together with TotalEnergies (45%) and Iraq’s Basra Oil Company (30%).
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