QatarEnergy has partnered with TotalEnergies on a solar power project, as part of the Gas Growth Integrated Project (GGIP), in the Republic of Iraq.
Subject to regulatory approvals, QatarEnergy will acquire a 50% interest in the project, with TotalEnergies retaining the remaining 50%.
This project, set so far to be one of the largest in the world, will consist of 2 million bifacial solar panels mounted on single-axis trackers and will, upon completion, be capable of supplying 1.25 GW to the grid in Iraq’s Basra region.
The project is scheduled to be developed in phases that will come online between next year and 2027.
“I am pleased to have concluded our entry into this very important project for Iraq’s energy sector, and look forward to working with our strategic partner, TotalEnergies, to progress it to fruition,” says His Excellency Saad Sherida Al-Kaabi, minister of State for Energy Affairs and president and CEO of QatarEnergy.
“We thank the Iraqi government for their trust, and TotalEnergies for this opportunity to support Iraq’s solar power development.”
QatarEnergy announced last June that it had entered into a consortium to implement the GGIP in Iraq, with a 25% participating interest, together with TotalEnergies, holding a 45% share and Iraq’s Basra Oil Company, holding a 30% share.
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QatarEnergy Partners with TotalEnergies on 1.25 GW Solar Project
I’m not a financial pro, but here’s some advice:
Don’t live on a budget. Make a lot of money and live far beneath your means. What value does luxury actually bring to your life, especially if it makes you nervous about running out of cash?
As I told my kids when they were growing up, “Unless you’re completely shallow, showing off your money is an idiotic thing to do. You make false friends and have people glomming onto you to sell you stuff you really don’t need.”
Warren Buffett still lives in a modest house in Nebraska, a state in which he could buy an entire country. Maybe there is something about him and his values that could benefit you.
I see.
There’s not enough land in Spain to support rooftop and ground-mounted solar at a fraction of the cost.
LOL.
It’s possible that right now, there are other civilizations observing the human race, studying us from afar, and noticing our decline into savagery and eventual extinction by turning billionaires into trillionaires.
People say that the principal weakness of human beings is that we can’t plan for the future as a species. Dogs are arguably even worse, though they aren’t consumed with greed. They don’t plot the starvation of millions of other dogs so they themselves can have enough food to last a billion years.
As an elderly man, I’ll be leaving this planet soon, but I won’t cease pondering this until my heart stops beating.
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