By Zachary Shahan •
November 2, 2009
The huge project to build a $555 billion renewable energy “belt” in the Middle East and North Africa (MENA) region, funded largely by German companies, moved another step forward a few days ago.
The articles of association for the DESERTEC Industrial Initiative (DII) were signed by the joint venture group of 12 companies and the DESERTEC Foundation in Munich on October 30.
Additionally, a CEO for DII was appointed — Paul van Son.
By Zachary Shahan •
July 24, 2009
The sun is coming out. And Europe isn’t waiting any longer. Some of the biggest businesses in Europe are ready to invest in the largest solar energy project in the world. They are looking to create a “solar energy belt” in the Middle East and North Africa.
How will the energy get to Europe? It will go through huge “super grids” under the Mediterranean Sea. Has this kind of thing happened before? Siemens CEO, Peter Löscher, says: “A few years ago we connected Tasmania with the Australian continent. And from 2011 there will be a 250-kilometer undersea cable supplying Majorca with electricity from the Spanish mainland. For us, this kind of thing is now part of our core business.”
