Africa's sun to power Europe's homes?


	Africa's sun to power Europe's homes?

JICWyllie

6-18-2009 12:25 PM

72 views

tags:

1-climate change, 1-generation, 1-investment, 1-launch, 2-opportunities, 3-reported, 4-eu, 4-germany, 4-north africa

JICWyllie says:

This project should also be opened up to public investment, instead of giving all the shares to corporate giants. People want a safe and meaningful way to invest their money directly, rather than depending on the "judgement" of bankers and stock brokers.

Add a Comment

Login to Comment. Not a member yet? Sign up

Today's Top Clips

visit the Top Clips page

View the Top Clips from June 18, 2009

Embed This Clip In Your Site...

<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/2d99eaff-3e67-457d-99aa-90ccd30a0a19/B67AE9E3-9EE0-4E0F-BF96-8BEF3C6F2A6A/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.solardaily.com/reports/Africas_sun_to_power_Europes_homes_999.html" href="http://www.solardaily.com/reports/Africas_sun_to_power_Europes_homes_999.html" style="font-size: 11px;">www.solardaily.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.solardaily.com/reports/Africas_sun_to_power_Europes_homes_999.html">A group of 20 German companies wants to invest $555 billion in concentrated solar power plants in northern Africa to sell green power to Europe and make the continent less dependent on oil and gas imports.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.solardaily.com/reports/Africas_sun_to_power_Europes_homes_999.html">It would be one of the world's biggest private renewable energy projects: Some 20 German companies are planning to join forces to build CSP plants in northern Africa and transport the electricity to Europe via new, direct current power grids.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.solardaily.com/reports/Africas_sun_to_power_Europes_homes_999.html">The consortium, to be formed by mid-July, includes, among others, economic powerhouse Siemens, finance institution Deutsche Bank and energy giant RWE, the Sueddeutsche Zeitung newspaper reports. The ambitious green project, dubbed "Desertec," could produce power as early as 2019 and eventually satisfy 15 percent of Europe's electricity demand, </blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.solardaily.com/reports/Africas_sun_to_power_Europes_homes_999.html">Jeworrek added the consortium would choose the plants' locations according to political stability. The host countries would benefit from taxes, job creation and technology transfer, </blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/B67AE9E3-9EE0-4E0F-BF96-8BEF3C6F2A6A/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>