Clean Power nasun3

Published on November 2nd, 2009 | by Zachary Shahan

11

DESERTEC $555 Billion Renewable Energy Project Moving Forward

November 2nd, 2009 by  

The huge project to build a $555 billion renewable energy “belt” in the Middle East and North Africa (MENA) region, funded largely by German companies, moved another step forward a few days ago.

The articles of association for the DESERTEC Industrial Initiative (DII) were signed by the joint venture group of 12 companies and the DESERTEC Foundation in Munich on October 30.

Additionally, a CEO for DII was appointed — Paul van Son.

As discussed previously, this project is a landmark, groundbreaking renewable energy project if it goes through. It is expected to produce 15% of Europe’s electricity requirements by 2050. It should also provide the MENA region with a large portion of its electricity needs.

With the articles of association signed and a CEO appointed, this project has moved one important step forward. New CEO van Son says, “Now the time has come to turn this vision into reality. That implies intensive cooperation with many parties and cultures to create a sound basis for feasible investments into renewable energy technologies and interconnected grids. The DII will primarily focus on the economic, technical and regulatory conditions that must be fulfilled for successful project implementation.”

Mr. van Son is a major player in the renewable energy sector in Europe and Africa. He is currently Chairman of the European Federation of Energy Traders (EFET) and of the Energy4All Foundation (active in Africa). He has also held management positions in Deutsche Essent (Germany), Econcern (the Netherlands), and other European renewable energy companies.

Near future plans for the project now are to bring more companies from different countries on board (as shareholders or partners) “to ensure broad-based support from the EUMENA society.”

The massive project looks to be a world-changing achievement that all of the world can look back on as a major historical feat that was once thought impossible but eventually achieved. However, there are still some important questions to answer, regarding social justice, energy security, resource colonialism, solar imperialism, efficiency, and whether or not this is all the good things it is expected to be. The current shareholders — 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 — are looking to make a profit. Is it going to be a clean, green profit, or will it stimulate more inequalities, energy insecurities, and so on?

The pictures above are a bit like a graphic analogy of the project — we have the light of hope but also the dark shadows of remaining questions and the steps yet to be taken.

It seems like a true win-win-win project, but are we being naive?

In either case, it is moving forward.

via pv-tech

Related Articles:

  1. Half a Trillion Dollars to Build Huge Desertec Plan?
  2. Desertec Advances: Massive Solar Power Project No Longer a Mirage?
  3. $560 BILLION Solar Project — Biggest Ever
  4. Spanish Solar Company Abengoa to Supply Desertec

Image Credits: Paul Watsonalles-schlumpfterry 6082 Books 
 
Get CleanTechnica’s 1st (completely free) electric car report → “Electric Cars: What Early Adopters & First Followers Want.”
 
Keep up to date with all the hottest cleantech news by subscribing to our (free) cleantech newsletter, or keep an eye on sector-specific news by getting our (also free) solar energy newsletter, electric vehicle newsletter, or wind energy newsletter.

 

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,


About the Author

is tryin' to help society help itself (and other species) one letter at a time. He spends most of his time here on CleanTechnica as its director and chief editor. Otherwise, he's probably enthusiastically fulfilling his duties as the director/editor of EV Obsession, Gas2, Solar Love, Planetsave, or Bikocity; or as president of Important Media. Zach is recognized globally as a solar energy, electric car, energy storage, and wind energy expert. If you would like him to speak at a related conference or event, connect with him via social media: ZacharyShahan.com, .



  • Zachary Shahan

    Atlas, it’s a good question, and a question to ask for all large-scale projects, since they all have to go in some ecosystem and probably disrupt it. another reason for more decentralized energy production. thanks for the thought

  • Atlas

    Sounds great though what potential impact do you expect this project to have on desert creatures and the desert’s biodiversity?

  • Atlas

    Sounds great though what potential impact do you expect this project to have on desert creatures and the desert’s biodiversity?

  • Atlas

    Sounds great though what potential impact do you expect this project to have on desert creatures and the desert’s biodiversity?

  • htl

    there*

  • htl

    there*

  • htl

    there*

  • htl

    quick someone call Mexico and strike a deal to make one their. but make it bigger that Europe’s. make it like the space race

    this is an inspiring project. Great article!

  • htl

    quick someone call Mexico and strike a deal to make one their. but make it bigger that Europe’s. make it like the space race

    this is an inspiring project. Great article!

  • James

    We should also have a DESERTEC in US that using the deserts of Arizona and California to generate and supply electricity to the rest of US.

  • James

    We should also have a DESERTEC in US that using the deserts of Arizona and California to generate and supply electricity to the rest of US.

Back to Top ↑
  • Advertisements

  • Top Posts & Pages

  • Cool Cleantech Events

    Low Voltage Electrification Event, April 25-27. Detroit, Michigan (US)
    Delve deep into the benefits and challenges associated with EV power supply.

    Offshore Wind Market Development USA, May 11-12, Boston, Massachusetts (US)
    Network and establish your business in one of North America’s largest energy industries.

    Energy Storage USA, June 15-16, San Diego, California (US)
    Only event in the United States focused exclusively on the commercialization of storage.

    More details are on: Cleantech Events.

  • Advertisement

  • CleanTechnica Electric Car Report

    Electric Cars Early Adopters First Followers
  • Tesla Model 3 Review by EVANNEX

    Tesla Model 3 Review from EVANNEX
  • Tesla Model 3 Exclusive Video

    Tesla Model 3 Video
  • Tesla Model 3 Exclusive Pictures

    Tesla Model 3 Video
  • Tesla Model X Review #1 (Video)

    Tesla Model X Review from new owners Zach Shahan
  • Tesla Model X Review #2 (Pictures)

    Tesla Model X Review from Kyle Field
  • Tesla Model S Long-Term Review

    Tesla Model S Long Term Review from Kyle Field
  • Nissan LEAF Long-Term Review

    Nissan LEAF Long Term Review from Cynthia Shahan
  • Interview with Michael Liebreich

    Interview with Michael Liebreich
  • Interview with Akon (Teslas & Solar)

    Interview with Akon Tesla Model S Tesla Model X Solar Power Africa
  • Interview with Dr Nawal Al-Hosany

    Interview with Dr Nawal Al-Hosany
  • Interview with Gro Brundtland

    Gro Brundtland
  • Interview with President of Iceland

    President of Iceland Ólafur Ragnar Grímsson
  • Interview with Nick Sampson

    Faraday Future VP Nick Sampson
  • Interview with Dipal Barua

    Dipal Barua 1st ZFEP WInner
  • Interview with Jonathon Porritt

    Jonathon Porritt
  • Interview with Clint Wilder

    Interview with Clint Wilder
  • Interviews with Solar Impulse Pilots

    Bertrand Piccard Andre Borschberg
  • Check out more CleanTechnica Videos.

  • Join The Solar Revolution!

    Edison-solar-energy solar-energy-spill-nice-day
  • Cost of Solar Panels

    cost-of-solar-down
  • Search the IM Network


Shares