QatarEnergy to take a 50% of TotalEnergies Iraq Solar Project

By John Lee.

QatarEnergy is to take a 50-percent stake in the TotalEnergies solar energy project in Iraq:

• Partnership Agreement: QatarEnergy has signed an agreement with TotalEnergies for a solar power project in Iraq as part of the Gas Growth Integrated Project (GGIP).
• Stake Distribution: QatarEnergy will acquire a 50% stake in the project, with TotalEnergies holding the other 50%.
• Project Scale: This large-scale project, using 2 million bifacial solar panels on single-axis trackers, will generate up to 1.25 gigawatts (GW) of solar power.
• Electricity Supply: Upon completion, it will supply power to around 350,000 homes in the Basra region, with phased completion between 2025 and 2027.
• Statements: Qatar's Minister of State for Energy Affairs expressed optimism about contributing to Iraq's solar power sector alongside TotalEnergies.
• Broader GGIP Role: QatarEnergy joined a consortium in June 2023, with a 25% stake, to implement the GGIP in Iraq, which also includes capturing flared gas for power generation.

Full statement from QatarEnergy:

QatarEnergy has signed a partnership agreement with TotalEnergies to enter into a solar power project that is part of the Gas Growth Integrated Project (GGIP) in the Republic of Iraq.

Pursuant to the terms of the agreement, which is subject to regulatory approvals, QatarEnergy will acquire a 50% interest in the solar photovoltaic project, while TotalEnergies will retain the remaining 50%.

This strategic project, which will be one of the largest in the world, will consist of 2 million high-efficiency bifacial solar panels mounted on single-axis trackers and will, upon its completion, 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.

Commenting on this occasion, His Excellency Mr. Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President and CEO of QatarEnergy, said: "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 announced in June 2023 that it had entered into a consortium to implement the Gas Growth Integrated Project in Iraq, with a 25% participating interest, together with TotalEnergies (45%) and Iraq's Basra Oil Company (30%).

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.

(Source: QatarEnergy)