Reasons behind the rapid growth of Iraq's photovoltaic energy storage product market

GUANGZHOU, China - April 26, 2025 - PRLog -- In 2025, Iraq's photovoltaic energy storage market will grow rapidly, mainly driven by factors such as electricity demand, policies, investment, technology and socio-economic benefits. Solar energy storage is becoming increasingly critical in its energy landscape. ​
1. In terms of electricity demand, Iraq has long suffered from electricity shortages. Population growth and industrial development have exacerbated the contradiction between supply and demand. During high temperatures in summer, the power grid often cannot meet peak demand. Frequent power outages affect people's livelihood and the economy, prompting it to transform to renewable energy. ​
2. In terms of policy, the Iraqi government has set a target of 12 GW of solar energy installation by 2030 and approved a 7.5 GW project development plan in 2024, demonstrating its determination to reduce dependence on fossil fuels and protect the environment. ​
3. In the field of international cooperation and investment, in 2024, Qatar Energy acquired a 50% stake in Total Energy's 1.25 GW solar project in Basra. The project integrates solar energy and natural gas infrastructure and is expected to supply electricity to 350,000 households, reducing dependence on energy imports.​
4. Significant technological progress. Double-sided solar panels and high-capacity lithium batteries improve energy capture and storage capabilities, reduce the levelized cost of electricity, and promote the widespread implementation of solar energy projects. ​
5. In terms of social and economic benefits, solar energy projects create a large number of jobs, improve power supply in rural and underdeveloped areas, improve quality of life, promote local economic development, and meet the goals of sustainable development and poverty reduction. ​
In short, multiple factors jointly promote the development of Iraq's photovoltaic energy storage market, and energy storage technology will help it build a stable and sustainable energy future.

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Demuda was founded in 2003, is a pragmatic, passion, innovative new energy technology company. Our company is high-tech enterprises which focus on R&D and manufacturing off-grid solar system, on grid power station household energy storage and intelligent energy management solutions. Won the EU CE, RoHS, certification, lSO quality management system certification enterprise, products have been widely used in the world.

The company is committed to the research and development, production and sales of solar inverters, controllers.energy storage solar products. We have a standardized production base of 35,000 meters, located in Guangzhou,Foshan. Anhui and other places, it aims to provide the world with high-performance and competitive new energy products and promote global green ecological energy.