Norwegian-led Consortium to build Solar Plant in Karbala - Panorama Insurance Brokers

Norwegian-led Consortium to build Solar Plant in Karbala

By John Lee.

Iraq signed an agreement to build a 525-MW solar power plant in Karbala.

The project will be built by a consortium of companies led by the Norwegian Scatec, whose main shareholder is Equinor (formerly Statoil).

Also involved are Egypt’s Orascom and Iraq’s Al-Bilal.

The signing comes after recent announcements of renewable energy projects by Masdar, TotalEnergies and PowerChina.

(Source: Ministry of Oil)

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