Saturday, January 1, 2011

European Companies Vying for Saharan Solar Power

European Companies Vying for Saharan Solar Power: "Twenty German firms, and possibly more from other European countries, are banding together to dig up investments for a huge solar power project in Northern Africa.

The Desertec project would see several solar power installations constructed in politically-stable countries across Saharan Africa and could cost well over $500 billion. If built, the project could provide 15 percent of Europe's electricity needs. The solar power plants would generate around 100 GW of electricity and would take 10 years to complete."

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