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- Wednesday, 09-25-2024, PM 3:33
- Karar Al-Asadi
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There are many government efforts to develop the solar energy sector to confront the electricity scarcity crisis, which is reflected in frequent power outages for long hours that may exceed 10 hours per day in some areas.
However, after the cancellation of fees imposed on solar energy systems, and the government’s approval of their introduction into homes, the Parliamentary Energy Committee revealed citizens’ reluctance to accept the Central Bank’s initiative to finance loans to purchase solar energy systems for homes, amounting to one trillion dinars, indicating that only 250 million dinars of it have been spent so far, despite the passage of about a year and a half since its launch.
It is noteworthy that the Central Bank of Iraq announced in 2022 the allocation of one trillion dinars (about $750 million) to secure subsidized loans for the private sector, including homes and private companies, to encourage residents to install solar energy systems. However, on November 2, 2023, it revealed that citizens were reluctant to take part in its initiative to provide loans for the use of clean energy, including the purchase of solar panels, due to their prices.
“The Central Bank’s initiative to finance solar energy has not stopped, and the amount allocated for the project amounts to one trillion dinars ($800 million), of which 230 million dinars have been disbursed so far. Despite this, the problem with the initiative lies in dealing with banks that face difficulties in managing the established mechanism, in addition to the lack of sufficient awareness among citizens about the benefits of this initiative,” said committee member MP Amanj Al-Harki.
The MP pointed out that "the initiative provides loans with low interest rates of up to 5 percent distributed over five years, which means that the citizen will only bear 1 percent annually. Despite the clarity of the idea, citizens have not yet learned about the extent of its benefit, and this is part of the problem."
The committee member explained that "there are technical differences in the materials required to implement the project," adding: "They were overcome through the meeting of the parliamentary committee with the governmental Committee 54, where the technical specifications were determined that will be distributed to all ports, border areas and customs to ensure the application of international specifications."
On July 1, the Chairman of the National Investment Commission, Haider Mohammed Makiya, signed the investment license for the solar power plant project with the French company Total Energy with a capacity of 1,000 megawatts in Basra Governorate. Makiya said that the project is the first investment opportunity to grant a solar power plant within the government’s plan to diversify renewable energy sources.
The generation of electrical energy from solar energy depends on the angle of incidence of the sun’s rays to ensure obtaining the highest energy point. Therefore, attention must be paid to this point by the positions and technicians working in it, and the rate of solar energy production throughout the seasons.
The world's countries have turned towards clean energy after fearing the scarcity and depletion of other energy sources. Therefore, it is a step that has proven successful in many countries while preserving the environment and its cleanliness, and thus the absence of problems in producing electricity and supplying it to their citizens.
In addition, the use of solar energy is not only at the domestic level, but also by transferring the surplus to the national electricity grid. The grid is supplied by solar panels placed on the roofs of houses during the daytime hours, and then the houses are supplied with electricity during the night hours via the national electricity grid, which reduces the burden on the citizen with electricity consumption fees.
Energy expert Govind Sherwani had confirmed in a previous press statement that “Iraq’s move towards solar energy projects is extremely important because clean energy is inexpensive and we can benefit from the sun’s rays, which are widely available in Iraq for about 300 days out of the year.”
“The cost of producing a megawatt of solar energy is a quarter or a third less than the cost of fossil fuels, and these projects may be expensive at first, because most of the materials, panels, batteries and connection systems are imported, but fortunately, the Ministry of Industry is now planning to complete solar panels in Iraq by merging Al-Zawraa and Al-Mansour companies, which were specialized in manufacturing solar equipment such as panels and cells,” he added.
Iraq has been suffering from a deterioration in electricity production since the 1990s, and the crisis worsened after 2003 when American forces bombed production stations during the war to overthrow the former regime, which led to a collapse in production. Despite spending tens of billions of dollars over the past twenty years, the problem has not been radically resolved.
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