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‘Wadeem’ sold out for $1.49bn

This is the highest Abu Dhabi real-estate release to date.

Tesla Q2 sales down 13.5%

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Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.

Iraq to build 2,000MW solar power projects in tie-up with a UAE-based firm

By Hilal Mir
June 25, 2021 10:28 am

    • The project is the biggest investment in Iraq’s renewable energy industry

    • Iraq is planning to build a number of power plants in the coming years

    Iraq is looking to build solar power projects in central and southern Iraq, with a total capacity of 2,000 megawatts, and it has teamed up with Masdar, a United Arab Emirates-based renewable power developer, to complete the power stations, the Iraqi oil ministry said in a statement.
    The project is the biggest investment in Iraq’s renewable energy industry, the statement said, without indicating its total cost.

    Iraq is planning to build a number of power plants in the coming years in partnership with international and Arab companies. Some will use solar energy, while others will run on fossil fuels, including gas that is produced during the extraction of oil, by introducing it into the electricity production system, Iraq Oil Minister Ihsan Abdul Jabbar told Asharq recently.

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