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Desertec looks for new shareholders in MENA region
- Middle East: Wednesday, September 01 - 2010 at 09:13
The chief executive of Desertec Industrial Initiative (DII) has said the project is seeking new shareholders in the Middle East and North Africa in an attempt to broaden its geographical reach, Reuters has reported. "There are a number of interested parties. We are in intensive talks with companies in the Mena region, which we are trying to win as new shareholders," he added, but declined to name any potential candidates, Paul van Son told the news service. With an expected cost of €400bn ($509bn), the DII project's aim is to analyse how to develop clean energy in the deserts of North Africa that could supply up to 15% of Europe's power demand by 2050.
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