Empowering Iraq: The $27 Billion Deal for Iraq''s Energy
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
Sustainable Transformation of Iraq''s Energy System
A shift towards a sustainable energy system could help Iraq secure a reliable and affordable electricity supply, achieve cost savings and create long-term opportunities for economic development
Spain, Netherlands launch subsidies for battery, PV
Spain and Netherlands launch subsidies for battery and PV manufacturing. By Jonathan Jacob Tourino, Cameron Murray . February 28, 2024. Europe. Grid Scale, Connected Technologies. Large-scale energy
UK government grants £30 million for long duration energy storage
Synchrostor and Cheesecake Energy are to receive £9.4 million each to fund therman energy storage systems and Invinity Energy Systems receiving £11 million to develop
Japan launches subsidies for lithium-ion battery storage
Subsidy payouts will be capped at ¥ 1 million (US$9,846) for individuals and at ¥ 100 million (US$982,000) for businesses, available for the installation of battery systems of
Iraq needs renewables, but they won''t solve its power
Iraq records the highest rates of subsidies and uncollected and unbilled electricity in the Middle East. The total losses, including grid losses, non-billing, and non-collection, are among the highest in the region and reportedly
Iraq''s economy is on the precipice – reforming the energy sector is
For Iraq''s energy sector – which is the cornerstone of the country''s economy – two key questions come to the fore: What impact will lower prices have on Iraq''s energy
The Main Driving Force of the Overseas Energy Storage Market: Household
As a result, household energy storage systems have become essential household appliances for local residents. Furthermore, the net-metering policy rebate and the introduction
Residential Electricity Subsidies in Iraq
For almost a year, Iraq Energy Institute (IEI) fellows, researchers and staff have been devising a reform roadmap, with policy recommendations, that aims to substantially enhance revenue collection in the
5 FAQs about [Iraq household energy storage subsidies]
Is foreign help enough to fix Iraq's energy problems?
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.
Should Iraq rely on state financing for energy projects?
There has scarcely been a more urgent time for Iraq to pursue crucial reforms in its energy sector to ensure that investment continues even when government revenues have been decimated by low oil prices. The alternative of continuing to rely on direct state financing of large projects only increases the risk that these projects are delayed.
Will IEA support Iraq's Energy reforms?
As Iraq’s newly formed government begins to tackle the long list of considerable challenges it faces, the IEA stands ready to support the country in its efforts to enact the reforms that will help its energy sector – and its economy – meet its vast potential.
Does Iraq allow private investment in the oil sector?
Unlike some of its regional neighbors, such as Iran and Kuwait, Iraq’s Constitution allows private investment in the oil sector if the investment model aligns the interests of investors with those of the host government.
Will Iraq still have a 2 billion cubic feet deficit per day?
Jafar predicted that there may still be a 2 billion cubic feet deficit per day, which could require imports unless exploration efforts are increased in Iraq. The goal should be providing 24-hour electricity for Iraqi citizens, which is critical for stability and economic development.