In a bold move to transform its energy sector, Iraq announced the launch of a nationwide renewable energy initiative aimed at diversifying its power sources and reducing dependency on oil exports.
The Ministry of Energy outlined plans to invest $5 billion over the next five years in large-scale solar and wind projects across the country. These developments are expected to generate 20% of Iraq’s electricity by 2030, contributing to lower greenhouse gas emissions and improved energy security.
Energy Minister Sara Al-Hakim highlighted the project’s importance, saying, “Diversification is essential to Iraq’s sustainable development and economic stability. Renewable energy will also create jobs and strengthen rural communities.”
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The initiative includes partnerships with European and Asian firms specializing in renewable technology, as well as capacity-building programs for Iraqi engineers and technicians.
Experts commend Iraq’s commitment but caution that infrastructure challenges and political instability must be addressed to ensure the projects’ success.
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