A $400bn (£240bn) plan to provide Europe with solar power from the Sahara has moved a step closer to reality with the formation of a consortium of 12 companies to carry out the work.
The Desertec Industrial Initiative (DII) aims to provide 15% of Europe's electricity by 2050 or earlier via power lines stretching across the desert and Mediterranean sea. The German-led consortium was brought together by Munich Re, the world's biggest reinsurer, and consists of some of country's biggest engineering and power companies, including Siemens, E.ON, ABB and Deutsche Bank. It now believes the DII can deliver solar power to Europe as early as 2015.
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