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German companies propose €400bn African solar project

16 June 2009

A group of 20 companies including Munich Re, Deutsche Bank, Siemens and RWE a planning a €400bn solar energy project in Africa, called Desertec, according to reports.

The scheme would see solar energy generated in Africa transmitted for use by the German consumer electricity market.

The group also includes the German Economy Ministry and the Club of Rome.

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This story was published on Tuesday, June 16th, 2009 at 12:48 pm and is filed under Africa, Europe, companies, solar. You can follow any responses to article entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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