Sun over Africa to power Europe?
It looks like Europe is moving forward on green energy while we in the U.S. continue to lag behind.
This time, a conglomeration of European companies are looking to put up about $559 billion in a solar eneragy initiative in Africa's Sahara Desert.
Here's what's involved:
Munich Re, the German insurer, Deutsche Bank, utilities RWE and Eon and industrial conglomerate Siemens are among the bluechip names that will form a company to explore the technical and geopolitical challenges of peppering the deserts of North Africa and the Middle East with solar mirrors.
By joining together hundreds of solar thermal power plants and wind farms with high-voltage direct current (HVDC) transmission cables under the Mediterranean sea, the founders of the Desertec Industrial Initiative hope one day to supply 15 per cent of Europe's electricity needs.
America, it's time we quit wasting time, money and even lives in pursuit of fossil fuels and get on this before, once again, we are stuck relying on foreign countries for our energy needs.
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