Monday 9 November 2009

$400bn plan to provide Europe with solar power

Twelve companies have formed a consortium to provide Europe with solar electricity.

The Desertec Industrial Initiative (DII) aims to provide 15% of Europe's electricity by 2050 or earlier via power lines stretching across the desert and Mediterranean sea.

The German-led consortium was brought together by Munich Re, the world's biggest reinsurer, and consists of some of country's biggest engineering and power companies, including Siemens, E.ON, ABB and Deutsche Bank.

It now believes the DII can deliver solar power to Europe as early as 2015.

from The Guardian: Solar power from Sahara a step closer.

The UK is not participating in the DESERTEC plan, and intends instead to build costly and dangerous new nuclear power stations

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