European enterprises to invest 400 billion euros to build solar power plant

July 13, to Munich Re and Siemens AG, led by 12 large companies in Munich, Germany signed a cooperation letter of intent to set up "Desertec Industrial Initiative" (DII), to invest some 400 billion euros, the Sahara Desert in Africa to build solar power plant , this will be the world's largest solar energy project.

12 plans will be set up before October this year, DII, and the feasibility of the 3 year plan by 2050 to meet the energy requirements of Europe 15%.

Sahara Desert is the world's most abundant sunlight areas. Siemens said that if there into a 300 by 300 km area of the "parabolic mirror zone" may meet the energy needs of the entire planet. Therefore, the past few years, European scientists have been active on this project.

Obvious benefits of this project is the development of clean energy, but the cost is very high. Therefore, it is signed or the technology leader in the financial strength of large companies, in addition to the above-mentioned two companies, the contract also includes Deutsche Bank, Germany, "Hamburg, Schleswig-Holstein North Bank", Germany's two major energy companies, "intended to Ang" and "Rhine", ABB Switzerland, as well as a number of solar energy specialist.

Jul. 14,2009