Increase Text Size
Decrease Text Size
Email This Story
Share This Story
Reader Comments (5)
Add to Bookmarks
Printer Friendly Version
Reinsurance company Munich Re is seeking to attract partners to conduct a feasibility study on the Desertec plan to exploit solar energy on an industrial scale in the deserts of North Africa for export to Europe.
"Desertec is clearly banking on the right incentives in the long term, namely climate protection and a low-carbon energy sector."
-- Torsten Jeworrek, Board Member, Munich Re
Munich Re believes the technology could realise new business potential and combine energy security with climate protection in the medium term. Electricity produced in solar thermal power plants in North Africa and transported from there to Europe via new, direct current power grids could play a key role in the sustainable energy mix of the future, the company says.
Commenting on the Desertec concept, Munich Re Board member Torsten Jeworrek said: "This is no longer a distant vision but technologically fascinating and also achievable. Desertec is clearly banking on the right incentives in the long term, namely climate protection and a low-carbon energy sector. We are therefore commencing a dialogue with visionary thinkers and companies that, like us, are convinced of Desertec’s enormous economic, ecological and social potential.”
The company has reportedly invited companies, including Deutsche Bank, Siemens, E.ON and RWE, to talks in July to agree on a joint project, the so-called Destertec Industrial Initiative (DII). The Destertec Foundation is a charitable initiative of the Club of Rome.
Previous Article
Except: Where are the power lines going south from the Desertec project
to 'give' to the so many in Africa (that's where the 'gold' is shining), who
have no power, and cannot do what Euro-peons can do, for that reason.
Same old game, last 200 years. The Europeans come for what they want, ego-toads whose crown or religious authorities caused millions to flee to New America. Same take and give little. Gold, diamonds, oil, slaves,
you got it!
Ensure that for every Kw going north, ,that .25 kilowatt goes South. Free. Then you Euros will have done something for the world, instead of selves.
Oh, and stop this siupid, selfish population increase. THAT is the largest 'Greening' humans can do on this planet. Oh, Shhh...without more, I cannot get MORE! Dumb humanism.
I hope this is all taken into account when creating new power projects in Africa and worldwide.
Jen
Jordan , Bulgaria
Add Your Comment
Registered users, please make sure to Sign-In. We and others want to know your ideas and opinions. If you are not yet Registered -- it's quick and easy. Just click below.
Thanks!