Highlights First phase of Masdar deal includes 1 GW Iraq also has renewable deals with TotalEnergies, PowerChina It needs renewables to lower reliance on oil, gas in power generation Iraq is seeking to develop 7.5 GW of renewable power, the country’s oil minister said Oct. 6, as OPEC’s second-biggest producer inks a 2 GW agreement with UAE’s clean energy firm Masdar. Receive daily email alerts, subscriber notes & personalize your experience. Register Now In the initial phase of the Masdar deal, 1 GW will be developed in Iraq, oil minister Ihsan Ismaael said at a press conference in Baghdad broadcast live by state TV. He did not say when phase one will be completed. The Masdar deal will be “a long-term investment” and will be start of many more, UAE energy minister Suhail al-Mazrouei said at the press conference. Masdar, the renewable energy arm of Abu Dhabi’s sovereign wealth […]