Europe Eyes Giant Desert Solar Power Plant
Source: UPI (6/26/09)
". . .it would be the largest green-energy project on the planet."
The ambitious project, known as Desertec, is expected to cost $555.3 billion. It would generate inexhaustible and affordable quantities of energy across the Mediterranean—and even on a global scale, if necessary. If Desertec ever gets off the ground it would be the largest green-energy project on the planet.
The plan, which has been kicking around for years, got a big boost on June 17 when a group of 20 companies, including Siemens, Deutsche Bank, European energy giant E.On and insurance major Munich Re, announced they will launch the initiative at a meeting on July 13 and consolidate the consortium.