• 3 minutes Shale Oil Fiasco
  • 7 minutes "Leaked" request by some Democrats that they were asking Nancy to coordinate censure instead of impeachment.
  • 12 minutes Trump's China Strategy: Death By a Thousand Paper Cuts
  • 16 minutes Global Debt Worries. How Will This End?
  • 19 mins americavchina.com
  • 3 hours Tories on course to win majority
  • 19 hours DUMB IT DOWN-IMPEACHMENT
  • 20 hours POTUS Trump signs the HK Bill
  • 3 hours Greta named Time Magazine "Person of the Year"
  • 18 hours Winter Storms Hitting Continental US
  • 1 day WTO is effectively neutered. Trump *already* won the trade war against China and WTO is helpless to intervene
  • 12 hours Aramco Raises $25.6B in World's Biggest IPO
  • 18 hours China Burns More Coal than the Rest of the World !
  • 24 hours Everything you think you know about economics is WRONG!
  • 18 hours 2nd Annual Great Oil Price Prediction Challenge of 2019
The OPEC+ Deal Was The First Step To $100 Oil

The OPEC+ Deal Was The First Step To $100 Oil

The new OPEC+ agreement is…

Two Bullish Factors Pushing Oil Prices Higher

Two Bullish Factors Pushing Oil Prices Higher

An apparent improvement in the…

New Agreement Set to Accelerate Development of Desertec Project

Desertec is a giant solar project that will be developed in North Africa with the idea of supplying renewable energy both domestically, and to southern Europe via “high voltage direct current transmission lines.”

A new memorandum of understanding between the Moroccan government and the German-based Desertec Foundation is expected to accelerate the development of the project by promising to share their experience and technical expertise, and develop a strong policy framework.

In total the project is expected to have a capacity of over 2GW. Construction has already started in Morocco on the 500MW Ouarzazate concentrated solar power plant, one of the largest in the world, and completion is forecast for 2015.

Related Article: Solar Roadways: Powering the World of Tomorrow

Cleantechnica wrote that the Desertec project will secure “Morocco’s position as one of the leading renewable energy markets in Africa, building on the government’s commitment to generate over 40 per cent of its electricity from renewable sources by 2020.”

The new agreement comes at just the right time to give the venture a boost following the announcement that the engineering giant Siemens was quitting the consortium behind the whole scheme due to the fact that they had decided to sell their solar business and focus on wind power.

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
Download on the App Store Get it on Google Play