By John Lee. The Iraqi Private Banks League (IPBL) has signed a memorandum of understanding (MoU) with the Association of Energy Engineers (AEE) in Washington, DC, aimed at supporting Iraq's banking sector in financing the transition to a green economy and developing the country's energy infrastructure. The signing took place on the sidelines of Prime […]
By John Lee. Iraq's first industrial-scale photovoltaic (PV) solar module manufacturing facility has opened in Karbala. The Al-Nour Solar Panel Production Plant was developed for the Project Engineering Department of the Al-Abbas Holy Shrine by Italian firm Ecoprogetti Srl, which supplied and installed the complete turnkey production line. The facility has an annual installed capacity […]
By John Lee. A hybrid solar power station has been installed and commissioned at the Arab Oil Training Institute in Iraq. The project was carried out by Al-Zawraa State Company, a subsidiary of the Ministry of Industry and Minerals. The station has a capacity of 120 kilowatts and a lithium battery storage capacity of 122 […]
By John Lee. The Central Bank of Iraq (CBI) has announced enhancements to two of its developmental lending initiatives, raising the financing ceiling for small and medium enterprises (SMEs) and expanding support for renewable energy projects. According to the CBI, the measures are aligned with the National Banking Lending Strategy (2024-2029) and are intended to […]
By John Lee. Iraq's Ministry of Planning has held talks with Germany's Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) on preparing a proposed strategic project to support the transition in Iraq's electricity and renewable energy sector. According to a statement from the Ministry, the project, which remains under study, aims to develop sector policies, improve energy […]
By John Lee. The Iraqi government has directed provincial authorities to monitor market prices and prevent hoarding, alongside approving a series of development, energy, and administrative measures. The decisions were taken during a meeting of the Higher Committee for Coordination between Provinces, chaired by Prime Minister Mohammed Shia Al-Sudani. The Prime Minister instructed governors to […]
By John Lee. Trial operation has begun on the first generating unit of the Shams Al-Basra solar power project, the largest solar energy scheme in Iraq, with a total planned capacity of 1,000MW. The project, located in the Artawi [Ratawi] area of Basra province, covers approximately 9,000 dunams and comprises four units, each with a […]
By John Lee. The Central Bank of Iraq (CBI) has so far issued loans worth IQD 6 billion (approximately USD 4.6 million) to support the purchase of solar energy systems, while expecting demand to increase during 2026. Speaking to the state-run Iraqi News Agency (INA), Rafel Hussein, Director of Initiatives at the CBI, said the […]
By John Lee. The Ministry of Oil has reviewed progress on the Gas Growth Integrated Project (GGIP) in Basra during a site visit to the Artawi [Ratawi] oilfield. Undersecretary for Extraction Affairs Bassem Mohammed Khudair inspected key projects being implemented by TotalEnergies, in partnership with QatarEnergy and Basra Oil Company (BOC). The visit covered the […]
By John Lee. Al-Zawraa General Company, part of the Ministry of Industry and Minerals, has signed a new contract to supply, install and operate a hybrid solar power plant for the Arab Oil Training Institute. The project will have a capacity of 120 kW, supported by lithium battery storage with a capacity of 122 kWh, […]
By John Lee. The Central Bank of Iraq (CBI) has reportedly set the interest rate for its solar energy financing initiative at no more than 2.5%, as part of efforts to encourage citizens and companies to invest in renewable energy. State-run Iraqi News Agency (INA) quotes Rafal Jameel, Director of Initiatives at the Central Bank, […]
By John Lee. Prime Minister Muhammad Shia Al-Sudani opened the Iraq Energy Conference 2026 in Baghdad on Wednesday, emphasising in his keynote speech: Target to export 40% of oil output as higher-value derivative products by 2030 Expansion of refining capacity and cooperation with the private sector to end fuel imports Utilisation of 74% of Iraq's […]
