There has been a remarkable surge in renewable energy generation, notably wind power, accounting for 29.4% of power generation last year. Specifically, wind power reached new heights in December 2023, breaking a record of 21.8GW. Also, solar energy broke a
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Supporting Iraq''s Local Economic Development through Sustainable Energy Solutions - New Projects Launched Three innovative projects aimed at promoting sustainable energy solutions were launched today in partnership with the European Union and the United Nations Development Programme (UNDP) in Iraq and the governorates of Erbil,
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In April 2024, GE Vernova and the Republic of Iraq announced multiple strategic initiatives to boost generation and enhance the availability of power supply across the country, including
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Iraq has struck a major deal with France''s TotalEnergies company, bringing in $27 billion in foreign investment to build up natural resource development and electricity supply. Iraq has long desired greater foreign direct
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There are a number of pathways available for the future of electricity supply in Iraq but the most affordable, reliable and sustainable path requires cutting network losses by half at least, strengthening regional interconnections, putting captured gas to use in efficient power plants, and increasing the share of renewables in the mix.
However the capacity to capture and process this gas has not kept pace. The inability to utilise its gas riches means that the country's gas deficit has grown, and Iraq now relies on imports from Iran to meet increasing demand. This has introduced a number of vulnerabilities to Iraq’s energy system.
Ziad Ali Fadhil, Iraq’s Minister of Electricity, stated: “This modernization aligns with our strategic objectives and marks a significant achievement in Iraq’s energy transition. It enables increased electricity generation and enhances fuel efficiency, which will, in turn, reduce carbon intensity.”
Foreign help is not enough to fix energy issues, domestic reform is necessary. This past July, Iraq and France’s TotalEnergies finalized the Gas Growth Integrated Project, a $27 billion energy deal aimed at Iraq’s natural resources and improving the country’s electricity supply.
This has introduced a number of vulnerabilities to Iraq’s energy system. For example, payment issues last summer led to Iran cutting exports, significantly exacerbating electricity shortages in Iraq during peak seasonal demand. As oil production has soared, so has the amount of associated gas produced alongside.
Now, two decades after the 2003 US invasion, Iraq has failed to see improvements in the electricity infrastructure. Although the disparity between supply and demand is widening due to population increase and rising temperatures, corruption remains the largest obstacle to a reliable electricity grid.
