Iraq is close to signing a deal with Saudi Arabia’s International Company for Water and Power Projects (TADAWUL:2082), better known as ACWA Power, for the generation of 1,000 MW of solar power in the Najaf Governorate, the Iraqi Ministry of Oil has announced.
More details about the project were not disclosed.
The announcement comes after the Iraqi government signed earlier this month a pact with UAE-based renewable energy company Masdar for the start of the first phase of a 2-GW solar project in the Mideast country.
Anna is a DACH expert when it comes to covering business news and spotting trends. She has also built a deep understanding of Middle Eastern markets and has helped expand Renewables Now's reach into this hot region.