Desertec is a consortium of companies that want to supply 15% of Europeans power by setting up solar thermal energy collectors in the sahara desert and bringing the energy to Europe via cables. Today they signed a memorandum to develope the framework. They´re planing to invest 400 billion Euros in order to cover 17.000 km² (6500 square miles) in the Sahara with these solar collectors.
There are of course voices of criticism pointing out that such a project is immensly expensive and that this money would better be used on domestic development of renewable energies. Furthermore there´s fear of political dependencies on North African countries as well as problems with political stability. Also this type of power plant as well as the intercontinental cables could be easy to attack by terrorists.
Here´s the Wikipedia entry and the Desertec press release:
Wikpedia wrote: Desertec is a proposed large scale solar power project in North Africa by the Desertec Foundation. It operates under the auspices of the Club of Rome and the Trans-Mediterranean Renewable Energy Cooperation.[1]
escription
Under the proposal, solar thermal energy collectors (not solar cells) would be located on 6,500 square miles (17,000 km2) in the Sahara Desert.[2][3] Produced electricity would be transmitted to European and African countries by a super grid of high-voltage direct current cables.[3][4] It would provide continental Europe with 15% of its electricity.[2] By 2050, investments into solar plants and transmission lines would be total €400 billion.[3]
Consortium
The project is developed by consortium of German companies led by Munich Re.[4] The consortium consists of Deutsche Bank, Siemens, ABB, E.ON and several other partners.[3][4] The consortium will meet 13 July 2009 in Munich to discuss the feasibility of the project.[5]
Benefits
According to the report by Wuppertal Institute for Climate, Environment and Energy and the Club of Rome, the project could create 240,000 German jobs and generate €2 trillion worth of electricity by 2050.[6]
[edit] Critics
Critics of the project say that the project costs too much and the transmission costs are too high. Some experts fear that generation so much of electricity consumed in Europe in Africa would create a political dependency on North African countries. Centralized solar energy plants and transmission lines may become a target of terrorist attacks.[3]
Desertec wrote:
13 July 2009
Press Release
12 companies plan establishment of a Desertec Industrial Initiative
Munich – 12 companies today signed a Memorandum of Understanding in Munich to establish a DESERTEC Industrial Initiative (DII). 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 DESERTEC concept, developed by the TREC Initiative of the Club of Rome, describes the perspectives of a sustainable power supply for all regions of the world with access to the energy potential of deserts. The founder companies of the DII, whose regional focus is on Europe, the Middle East and North Africa (MENA), will be:
* ABB
* ABENGOA Solar
* Cevital
* Deutsche Bank
* E.ON
* HSH Nordbank
* MAN Solar Millennium
* Munich Re
* M+W Zander
* RWE
* SCHOTT Solar
* SIEMENS
The companies intend to establish a planning entity whose shareholders will include the DESERTEC Foundation. The Memorandum of Understanding was signed in the presence of high-ranking representatives from German and international politics.
Among the DII’s main goals are the drafting of concrete business plans and associated financing concepts, and the initiating of industrial preparations for building a large number of networked solar thermal power plants distributed throughout the MENA region. The aim is to produce sufficient power to meet around 15% of Europe’s electricity requirements and a substantial portion of the power needs of the
producer countries. All of the DII's activities will be aimed at developing viable investment plans within three years of its establishment. The initiative’s clear focus on implementation is set out in the DII Principles for all future DII shareholders.
Besides the business opportunities for the companies, there are other economic, ecological and social potentials:
* Greater energy security in the EU/MENA countries
* Growth and development opportunities for the MENA region as a result of substantial private investment
* Safeguarding the future water supply in the MENA countries by utilising excess energy in seawater desalination plants
* Reducing carbon-dioxide emissions and thus making a significant contribution to achieving the climate change targets of the European Union and the German Federal Government
The DII planning entity is to be established as a GmbH (limited liability company) under German law by 31 October 2009. It is envisaged that other companies will join the DII once the company has been established. The aim is for the DII to include shareholders from a variety of different countries.
Representatives of the parties involved had the following to say about the joint initiative: