The Desertec Industrial Initiative (DII) has taken a vital step with the formation of a joint venture to build a massive solar energy system in North Africa and the Middle East.
The new company, Dll GmbH, has appointed Paul van Son as its CEO. The articles of association for the DII GmbH, whose headquarters will be located in Munich, were signed by the group of founding members in Munich last week.
The DII aims to provide 15 percent of Europe's electricity by 2050 or earlier, via power lines stretching across the desert and Mediterranean sea. The objective of this initiative is to analyse and develop the technical, economic, political, social and ecological framework for carbon-free power generation in the deserts of North Africa.
The DII will primarily focus on the economic, technical and regulatory conditions that must be fulfilled for successful project implementation, said van Son.
Shareholders of the DII are ABB, ABENGOA Solar, Cevital, DESERTEC Foundation, Deutsche Bank, E.ON, HSH Nordbank, MAN Solar Millennium, Munich Re, M+W Zander, RWE, SCHOTT Solar and Siemens.
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