Iraq plans to invite more companies to establish solar power projects as part of its goal to expand renewables to a third of its energy mix by 2030, according to Prime Minister Mohammed Al-Sudani.
The country, with significant oil reserves, will also continue to expand its traditional power networks to address ongoing supply shortages resulting from years of internal conflicts.
Al-Sudani emphasized the aim to cover one-third of Iraq’s electricity needs through renewable energy investments by 2030 and encouraged investment in gas projects to utilize the nation’s substantial gas resources.
Iraq currently produces nearly 19,000 megawatts (MW) while requiring approximately 30,000 MW.
Recently, Under the patronage of Prince Saud bin Nayef bin Abdulaziz, the Governor of the Eastern Province, the inauguration of the “Linking the Gulf Market” electricity project with Iraq took place at the headquarters of the Gulf Electricity Interconnection Authority in Dammam.
