German consortium to bring green energy to Europe
A consortium of German blue chip companies is to raise funds for a massive photovoltaic project in North Africa that will provide Europe with green energy.Energy companies RWE and Eon as well as Siemens, Deutsche Bank, and reinsurer Munich Re are to meet on 13 July to draw up an agreement on the project. Desertec would see solar power plants built in North Africa in order to harness green energy that could be transported back to Europe. According to the Desertec foundation, around 20 m2 of desert would be enough to meet the individual power demand of one human being day and night, CO2 free. If successful the project could see Europe powered by solar energy within a decade.
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