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$500-Billion Renewable Energy Project Moving Forward


Desertec (HUGE Solar & Clean Energy Project) Moving Forward

By Zachary Shahan

 If you haven’t heard of Desertec yet, it’s about time you did. Desertec is a half-a-trillion-dollar renewable energy project (yes, I said trillion) planned for Northern Africa, the Middle East, and Europe. We’ve written about it several times over the years. If built, it is projected to produce 15-20% of Europe’s electricity by 2050, as well as providing the Middle East and North African (MENA) region with a good deal of its electricity.

desertec mapWhile many have been skeptical of this giant renewable energy project, it’s got the backing of over a dozen major companies and institutions (including: Munich Re, Enel, Abengoa Solar, Deutsche Bank, RWE, Saint-Gobain, E.ON, HSH Nordbank, ABB, Siemens, Flagsol, Freshfields Bruckhaus Deringer, PWC, Flabeg, Jungmut Communication, Skies & Meadows, Nissen Consulting, EBL, Heidelberg Innovation, Nur Energie, M & W Group, MGM Consulting Partners, Red Electrica, and the Desertec Foundation) and it has been moving forward steadily. Now, it’s been announced that construction of its first power plant — a 500-megawatt, €2-billion ($2.8-billion) concentrated solar power (CSP) plant in Morocco — is going to start in 2012.

The first phase of the 500-megawatt project is a 150-megawatt, 12-square-kilometer solar facility that will cost about €600 million ($822 million) and will take 2-4 years to complete.

Those behind the Desertec Industrial Initiative (its full name) point out that deserts receive enough solar energy in 6 hours to power the world for a year. Seriously. Nothing compares to the potential of solar energy, as I’ve pointed out a few times before. And, of course, much of that potential is in sunny deserts.

Image via DESERTEC

source: http://planetsave.com/2011/11/01/500-billion-renewable-energy-project-moving-forward/

Related posts:

  1. DESERTEC $555 Billion Renewable Energy Project Moving Forward
  2. New Solar Thermal Plant in Egypt Could Yield Clue to Sucess of Massive DESERTEC Project
  3. Sahara Desert Solar Project (Not DESERTEC) to Power Half the World by 2050? [VIDEO]

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