French energy group TotalEnergies confirmed plans for a gigawatt-scale solar plant in Iraq as part of a reported $27bn spend that is dominated by oil & gas-related projects.
The deals will kick off with a $10bn spend under what the nation's oil minister called the “biggest investment by a western company in Iraq”.
One of the world’s largest oil producers, conflict-scarred Iraq has a big electricity problem, with ageing power infrastructure that’s unable to keep up with demand, leading to frequent blackouts in its major cities.
