• 4 minutes Why Trump will win the wall fight
  • 7 minutes Tension On The Edge: Pakistan Urges U.N. To Intervene Over Kashmir Tension With India
  • 12 minutes Maduro Asks OPEC For Help Against U.S. Sanctions
  • 16 minutes Washington Eyes Crackdown On OPEC
  • 9 hours Climate Change: A Summer of Storms and Smog Is Coming
  • 7 hours Itt looks like natural gas may be at its lowest price ever.
  • 2 hours North Korea's Kim To Travel To Vietnam By Train, Summit At Government Guesthouse
  • 23 hours Oil imports by countries
  • 9 hours America’s Shale Boom Keeps Rolling Even as Wildcatters Save Cash
  • 23 hours AI Will Eliminate Call Center Jobs
  • 1 day NZ Oil, Gas Ban Could Cost $30 Bln
  • 6 hours Amazon’s Exit Could Scare Off Tech Companies From New York
  • 12 hours US-backed coup in Venezuela not so smooth
  • 1 day Ayn Rand Was Right
  • 1 day Solar and Wind Will Not "Save" the Climate
  • 11 hours Some Good News on Climate Change Maybe
Permian Production To Break 4 Million Bpd In March

Permian Production To Break 4 Million Bpd In March

Permian oil production is set…

Cheaper Natural Gas Is Coming To Europe

Cheaper Natural Gas Is Coming To Europe

The completion of some key…

DESERTEC in Trouble as Bosch, Siemens, and Spain Pull Out

DESERTEC is a hugely ambitious plan to supply Europe with 15% of its energy requirements from renewable sources, mostly concentrated solar power plants, based in Northern Africa and connected to the EU grid by underwater cables to Spain.

The idea was feasible, the theory great, and the necessary support and backing was provided by various governments and organisations.

Until now.

Desertec has just been dealt a massive blow which asks some serious questions about its future. Siemens and Bosch have both pulled out of the project in recent weeks, as have the Spanish government.

Related Article: New Technology Uses Nanoparticles to Turn Solar Energy into Steam

Dr. Daniel Ayuk Mbi Egbe, an expert on African solar energy, said that, “Siemens and Bosch are very big companies, if they don't want to support this initiative it is going to be difficult for DESERTEC.”

The loss of the two industrial giants will be difficult to survive, but possible due to the calibre of the other companies that make up the DESERTEC consortium, however if this news leads the way for others to get cold feet and state their lack of interest in continuing with the plans.

The Spanish government has withdrawn from signing an agreement to build solar power plants in Morocco, but remain a part of the overall venture.

Professor Peter Droege, the head of the European association for renewable energy (Eurosolar), believes that the DESERTEC project “is struggling to find a reason to continue - It is clear it's lost its original purpose, it is looking for a new direction.”

By. Joao Peixe of Oilprice.com



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News