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Article: United Kingdom: New company forms to make Desertec solar plan a reality.
- Article from:
- TendersInfo
- Article date:
- October 31, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: manish03
Announced earlier this year, the Desertec initiative is a joint venture of ABB, Abengoa Solar, Cevital, the Desertec Foundation, Deutsche Bank, E.ON, HSH Nordbank, MAN Solar Millennium, Munich Re, M+W Zander, RWE, Schott Solar and Siemens. Representatives from those founding organisations came together today in Munich to sign the articles of association for DII, a limited liability company that aims to make Desertec a reality.
The project s long-term goal is to satisfy a substantial part of the energy needs of host countries in the Middle East and North Africa (MENA), as well as to meet up to 15 per cent of Europe s electricity demand ...
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