Iraq plans to develop 10 GW of solar capacity by 2025 in partnership with international companies. The first step of the plan would be to develop a 750 MW solar plant. Iraq has less than 40 MW of solar capacity (2019) but it aims to raise its share to 20% of the power mix in the next few years. Electricity capacity has nearly tripled since 2010, from 12 GW to 35 GW in 2019. Gas represents about 60% of the capacity (59% in 2019, oil 34% and hydro 7%).
Meanwhile, the country plans to invest US$3bn in Basra Gas Company over the next five year to increase its gas production capacity to 1.4 bcm. The company is a joint venture between the Iraqi state (51%), Shell (44%) and Mitsubishi (5%). In 2019, Iraq produced 15.1 bcm of natural gas, while its domestic consumption reached 17.4 bcm. The country aims to more than double its gas production by 2025, from 1.5 bcf/d (over 15 bcm) to nearly 4 bcf/d (41.2 bcm/year).
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