Abu Dhabi company signs strategic agreement to develop solar projects in Iraq

Abu Dhabi company signs strategic agreement to develop solar projects in Iraq

ABU DHABI “” Masdar, also known as the Abu Dhabi Future Energy Company, announced that it has signed a strategic agreement with Iraq to develop Solar Photovoltaic (PV) projects in the country with a minimum total capacity of two gigawatts (GW). Heads of the agreement were signed at a virtual ceremony by Iraqi Minister of Electricity Majid A. Hantosh, President of the National Investment Commission of Iraq Suha Al-Najar, and Chief Executive Officer of Masdar Mohamed Jameel Al Ramahi. "This agreement with Masdar, a global leader in renewable energy, is an important step in the development of the clean energy investment sector and the exploitation of solar energy in Iraq." Al Mazrouei, in turn, said: "We are grateful to the government of Iraq for providing Masdar with the opportunity to contribute to the implementation of Iraq's renewable energy strategy. The UAE is committed to working with Iraq to develop sustainable energy resources. This initiative also highlights the importance of public and private sector partnerships in finding affordable solutions." "Masdar has been a pioneer in developing clean energy projects, and is now active in more than 30 countries around the world, with a total value of more than US$20 billion and