Iraq and US sign MoUs to develop 27GW power projects [Yahoo! Finance]
GE Vernova Inc. (GEV)
Company Research
Source: Yahoo! Finance
This development comes as Iraq, a key member of the Organization of Petroleum Exporting Countries, seeks to diversify its energy sources and reduce its reliance on Iranian power imports, as reported by Reuters. Under the first of the MoU, GE Vernova will develop combined-cycle gas power plants with a combined capacity of 24GW. This initiative represents the largest and most modern project in Iraq's history, with the potential to secure external financing from international banks. Iraq's Ministry of Electricity and US-based UGT Renewables signed the second MoU to develop a 3GW solar energy project with the provision of battery storage systems of up to 500 megawatt hours (MWh). The MoU also encompasses the modernisation of power trans
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GEV
Earnings
- 4/23/25 - Beat
GEV
Sec Filings
- 4/4/25 - Form 4
- 4/4/25 - Form 4
- 4/4/25 - Form 4
- GEV's page on the SEC website