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African Solar Power for Germany

June 17th, 2009 | No Comments | Posted in Solar Power

A group of 20 German companys is rumored to plan huge solar powerplants in Africa, that should provide clean energy for Germany within the next 10 years. The investment would be about 400 billion Euros.

The exact list of participants in the project “Desertec” is not yet public, but the group plans to constitute officially on July 13th 2009 in Munich. Headed by the Insurance Group “Münchner Rück” some other big names such as Siemens and Deutsche Bank are said to be on board.

more at the Website of Desertec

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