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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Scatec Solar Company withdraws from its negotiations with Iraq

    Rocky
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    • Post n°1

    Scatec Solar Company withdraws from its negotiations with Iraq Empty Scatec Solar Company withdraws from its negotiations with Iraq

    Post by Rocky Sat 15 Apr 2023, 5:09 am

    Scatec Solar Company withdraws from its negotiations with Iraq

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    Economy News-Baghdad
    The Norwegian company, Scatec, based in the Norwegian capital, Oslo, withdrew from negotiations to develop two ambitious solar energy projects in Iraq, in a heavy blow to the government's recent efforts to take advantage of the potential of renewable energy.
    Both Iraqi officials and the private sector considered that the "Scatec" deal would have set a precedent in making Iraq adapt to the company's commercial and regulatory frameworks and thus integrate with the global standards imposed by the major international solar energy companies, but the excessive government bureaucracy frustrated these ambitions. .
    Two senior Iraqi officials, in addition to the Norwegian company itself, confirmed that the company had withdrawn from the ongoing negotiations with the Iraqi Ministry of Electricity related to plans to build and operate two solar energy fields in southern Iraq with a total generating capacity of 525 megawatts.
    An official at the Iraqi Oil Ministry familiar with the project said, "The main reason for the withdrawal is the slow procedures that were taken by the Iraqi Ministry of Electricity, as they were not specific, in addition to the fact that the legal legislation on solar energy was not sufficiently clear. These delays and slow procedures It made the company go back."
    "Solar energy projects are somewhat new to the government, so it will take time to process the legislation," he added.

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