The investment comes from IFC, Mitsui, Equinor, APICORP and Adenium and will be used to expand distributed solar
The funds will be used to add 500 megawatts of capacity to a 1,000-megawatt power plant in Kurdistan, providing power to 3 million people. It will also help complete a new power plant near Baghdad
World Bank offshoot ploughs equity investment into Alcazar Energy.
World Bank unit continues huge spending with renewables to the fore