Article: United Kingdom: New company forms to make Desertec solar plan a reality.

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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