• 5 minutes Rage Without Proof: Maduro Accuses U.S. Official Of Plotting Venezuela Invasion
  • 8 minutes What Can Bring Oil Down to $20?
  • 14 minutes Paris Is Burning Over Climate Change Taxes -- Is America Next?
  • 47 mins Alberta govt to construct another WCS processing refinery
  • 5 hours Let's Just Block the Sun, Shall We?
  • 15 hours U.S. Senate Advances Resolution To End Military Support For Saudis In Yemen
  • 1 hour Venezuela continues to sink in misery
  • 16 hours OPEC Cuts Deep to Save Cartel
  • 1 hour Quebecans Snub Noses at Alberta's Oil but Buy More Gasoline
  • 20 hours $867 billion farm bill passed
  • 2 days Sleeping Hydrocarbon Giant
  • 2 days Sane Take on the Russia-Ukraine Case
  • 24 hours Contradictory: Euro Zone Takes Step To Deeper Integration, Key Issues Unresolved
  • 21 hours IEA Sees Global Oil Supply Tightening More Quickly In 2019
  • 18 hours Global Economy-Bad Days Are coming
  • 19 hours Regular Gas dropped to $2.21 per gallon today
Global Intelligence Report - 14th December 2018

Global Intelligence Report - 14th December 2018

Tensions within OPEC and the…

Why Russia Agreed To Additional Production Cuts

Why Russia Agreed To Additional Production Cuts

Moscow has increasingly been acting…

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