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Article: Algeria: Giant Sahara sun power project kicks off.
- Article from:
- TendersInfo
- Article date:
- November 4, 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: prashant03
Untill now laughed upon as an environmentalist wet dream, Germany's main power companies now invest real money in a project that could change the face of the Sahara desert. A giant solar energy project in the desert is to provide Europe with 15% of its electricity needs.
This time, it is for real. Twelve major companies in the electricity and finance sectors gathered in Munich to create the foundation "Desertec Industrial Initiative." The euro 400 billion initiative is to secure giant solar energy projects in North Africa.
The consortium includes Germany's most known giant companies, such as Deutsche Bank and Siemens and the ...