Thursday, July 9, 2026
34.7 C
Baghdad

Solar Investment Saves the Grid

Iraq’s national renewable energy team has emphasized that a major solar investment saves the grid from overload. Expanding solar energy use in government buildings could redirect 20% of electricity to homes. This step would greatly ease the country’s chronic energy crisis.

Team leader Nasir Karim Qasim explained that installing solar systems across ministries and public offices will relieve the national network. It will shift a large share of energy to the residential sector, which faces the most pressure.

He added that solar energy is far more economical. Producing a unit of solar electricity costs only 2 to 3 cents. In contrast, government institutions currently pay 9 cents per unit from the main grid. This results in a 300% financial advantage for public and commercial buildings.

He also highlighted that Iraq’s industrial power rates are heavily subsidized. The cost remains at just 60 dinars per unit. Despite the low rate, the national grid still struggles to meet growing demand. A solar investment saves the grid by narrowing this gap.

Qasim acknowledged the high initial cost of solar systems for individuals. Most of that cost comes from batteries. However, he proposed a solution where private investors pay for these systems instead of citizens.

In support, Iraq’s central bank has launched a program offering reduced-interest loans. Citizens currently pay 15–16% interest over seven years. The Prime Minister is pushing to cut this rate further, making solar more accessible for all.

Qasim also announced two large solar stations underway. One in Basra by Total will produce 1,000 megawatts. Another in Najaf by ACWA Power offers the same capacity. Once completed, both plants will add 2,000 megawatts to the national supply.

He emphasized the importance of local energy production models. For example, the Government Palace uses an effective distribution-based solar model. This setup works well with Iraq’s grid and reduces long-term challenges.

With thoughtful planning, Iraq’s solar investment saves the grid, cuts costs, and improves energy access for all.

Hot this week

Housing Loan Freeze Hits Hundreds of Bismayah Buyers

The Iraq housing loan freeze has left hundreds of...

Iraq Oil Exports to U.S. Top One Million Barrels in Strong Market Signal

Iraq's oil exports to the United States surpassed one...

Iraq Leads Trilateral Security Push With Jordan and Egypt

Iraq chaired the first political and security committee meeting...

Iraq Airspace Warning Deepens as Airlines Reroute Over Regional Tensions

Iraq faces a new aviation setback after European safety...

Iraq Holds Upper-Middle Income Status as Reform Pressure Grows

Iraq kept its upper-middle-income position in the World Bank’s...

Topics

Housing Loan Freeze Hits Hundreds of Bismayah Buyers

The Iraq housing loan freeze has left hundreds of...

Iraq Oil Exports to U.S. Top One Million Barrels in Strong Market Signal

Iraq's oil exports to the United States surpassed one...

Iraq Leads Trilateral Security Push With Jordan and Egypt

Iraq chaired the first political and security committee meeting...

Iraq Airspace Warning Deepens as Airlines Reroute Over Regional Tensions

Iraq faces a new aviation setback after European safety...

Iraq Holds Upper-Middle Income Status as Reform Pressure Grows

Iraq kept its upper-middle-income position in the World Bank’s...

Gold Prices Hold in Baghdad as Erbil Markets Edge Higher

Iraq gold prices held steady in Baghdad, while Erbil...

Millions Flood Najaf as Iraq Hosts Khamenei Funeral Procession

Iraq hosted a massive funeral procession in Najaf for...

Iraqi Dinar Faces Fresh Pressure as Dollar Climbs

Iraqi dollar rates climbed in Baghdad and Erbil as...

Related Articles