Masdar has proven its pioneering status through its diverse projects portfolio and contribution to the UAE’s efforts to build a competitive, knowledge-based economy.
UAE s Masdar Inks Strategic Deal With Iraq for 2GW Solar Projects albawaba.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from albawaba.com Daily Mail and Mail on Sunday newspapers.
Masdar signs strategic deal with Iraq for 2GW solar projects
ABU DHABI, 14 hours, 51 minutes ago Masdar, a subsidiary of Mubadala Investment Company and one of the world’s leading renewable energy companies, has announced a strategic agreement with Iraq to develop solar photovoltaic (PV) projects in the country with a minimum total capacity of 2GW (gigawatts). Iraq, the second-largest oil producer in the Organisation of Petroleum Exporting Countries (Opec) group, is looking to increase the percentage of renewables in its total power production capacity by the end of this decade to address supply issues and meet climate objectives. Iraq, which this year ratified the Paris Agreement on climate change, enjoys some of the most attractive solar irradiation levels in the region.