DOCSLIB.ORG

Desertec Industries Enabling Desertec in EUMENA

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Desertec Industries Enabling Desertec in EUMENA Desertec Industries Enabling Desertec in EUMENA 13. Kölner Sonnenkolloquium Paul van Son Desertec Industries Cologne, 29.06.2010 = 300 x 300 km © Dii GmbH June 2010 2 Plans to utilize desert power are not new Solar history Frank Shuman (pioneer in applying parabolic trough technology in desert): 'One thing I am sure of and that is that the human race must finally utilize direct sun power or revert to barbarism' 1912 first installed parabolic trough collector by Shuman in Meadi, Egypt (produced the equivalent of 55 horsepower) Shuman planned to install no less than 20,250 square miles of reflectors in the Sahara World War I and the discovery of new oil fields stopped his plans © Dii GmbH June 2010 3 Dii to create conditions for a gradual use of energy from the MENA deserts Setup, mission & objectives of Dii Setup Mission Dii was founded in October 2009 as Pave the way for the Desertec private sector initiative by 12 industrial concept companies and the Desertec Create broad acceptance in MENA foundation countries In March 2010, four additional Long-term target of the Desertec shareholders joined Dii concept: Cover a substantial part of Broad and diverse international the MENA electricity demand and expertise throughout EUMENA 15% of the European demand by 2050 Based on broad acceptance Pragmatic approach, step-by-step Timeline: Three years © Dii GmbH June 2010 4 Dii has broad basis in international industry: 17 Shareholders and 20 Associated Partners Shareholders and Associated Partners of Dii 17 Shareholders 20 Associated Partners In cooperation with associations and other industrial initiatives: ENTSO-E, ESTELA, OME, TRANSGREEN, MEDRING, MSP, etc. © Dii GmbH June 2010 5 Dii has four main objectives Objectives of Dii until 2012 'What has to be done to cover 15% of the European and substantially more of the MENA demand with power from sun and wind in 2050?' Create a favorable Propose and specify Develop a long term Perform additional regulatory / legis- concrete reference rollout plan until 2050 studies as needed, e.g. lative environment projects Ramp up – 2020/ Demand Markets for Representative of outlook 2050 development. Renewable Energy the Desertec from MENA concept High level 'Business Cost roadmap plan' for desert Framework for Demonstrate power Technology survey electricity industry systematic feasibility Grid concept Framework for etc. investments © Dii GmbH June 2010 6 Bringing the concept to realization – Dii preplanning phase until 2012 Dii roadmap 2010 2012 2050 Concept phase Creating conditions Projects phase Deliverables Detailed description of Create a favorable regulatory Project realization and the concept environment investments by partners Technical feasibility Propose and specify concrete and parties in the market studies reference projects (e.g. in MOR, TUN) Develop a long term rollout plan until 2050 Perform additional studies as needed (e.g. grid concept) Key players NGOs and Research External stakeholders Project developers Institutes (DLR, CoR, EC, EU/MENA governments, Technology providers DESERTEC Foundation) other industrial initiatives Investors Various German Shareholders and partners ministries, e.g. BMU, BMWi, etc. © Dii GmbH June 2010 7 Close cooperation with relevant governments: Dii started development of reference projects Possible electricity transmission routes for reference projects What is a Dii reference project? 1. Reflect the key aspects of the overall Desertec concept Identify best resource areas and adequate mix of generation (solar, wind) Investigate benefits for MENA (local supply, jobs, knowledge transfer) Identify robust transmission paths for export of MENA renewable energy electricity to EU Organize offtake in EU (Art. 9, flexible cooperation mechanisms) 2. Reference project clusters to be large enough to justify grid upgrade new construction to tap best resource site areas 2-3 large site locations Per site up to 1 GW Intensive talks to all other North African and 3. Technical, economical and regulatory roll-out Middle East countries continued potential © Dii GmbH June 2010 8 Desertec concept open for all field-proven technologies Relevant technologies to be applied for Desertec CSP PV Wind power HVDC ~820 MW 1) ~20 GW ~158 GW ~100 GW Des- Concentration of Direct conversion of Conversion of wind to Power transmission cription sunlight to generate sunlight into electric electricity by wind over large distances heat / steam energy turbines Selected reinforce- Steam drives turbine Can be applied with Applicable on- and ment of existing and generates power 2) tracking system offshore transmission grids Pros & Is dispatchable Can operate in Low LCOE compared Only ~3% transmission Cons with storage diffuse light to other renewables loss per 1,000 km High efficiencies Easy to maintain Requires low amount Large investment costs Requires large Requires large of land / sea amount of land amount of land Offshore turbines Needs direct solar No economical challenging to install radiation electricity storage and connect to grid XX = worldwide installed (sunbelt) solutions available yet Requires correction of capacity (status 2009) forecast deviation 1) With around 2 GW currently under construction 2) No steam turbine use for Stirling dish © Dii GmbH June 2010 9 How to reach competitiveness of Renewable Energy from the deserts? Drivers for competitiveness of desert power Accelerated cost degression of CSP, PV, wind and HVDC systems Break- even of desert power compared with conventional power: between 2020-2030 Rising fossil Rising environ- fuel price mental costs © Dii GmbH June 2010 10 Proposals for Mediterranean grid connections strongly supports Dii’s targets Mediterranean grid connections Dii will strive for viable solutions with experts from ENTSO-E, Transgreen, Offshore North Sea grid and other initiatives or institutions Reinforcement of integrated grid infrastructure needed for EUMENA Several bottlenecks and 'gaps' shall be solved (e.g. Pyrenees, Morocco, Tunisia-Italy, etc.) Source: MED-EMIP © Dii GmbH June 2010 11 Transmission bottle-necks to be solved for first reference projects in Morocco and Tunisia Grid bottlenecks EU-MENA countries Approach of MEDRING study 1 Spain – France Accelerate capacity increase of link 1 2 2 Tunisia – Italy Accelerate construction of a interconnection line (should allow transport of pure renewable energy) © Dii GmbH June 2010 12 Connecting Desertec is not much different from what has already been proven in China & Africa Technical feasibility of long-distance power transmission HVDC transmission China HVDC transmission Congo Connecting EUMENA 1,700 km 1,400 km 1,700 km HVDC has only ~3% transmission losses per 1,000 km >90% of the world‘s population living less than 3,000 km away from deserts © Dii GmbH June 2010 13 Dii faces three major challenges Major challenges for Dii in EUMENA 1. Stimulation Bridge the gap between costs of renewables and market prices until competitiveness is achieved 2. Markets / Grids Power grids and markets to facilitate connection of Optimal split between local major power sources and demand areas in EUMENA and EU consumption to be determined 3. Investment conditions Create broad acceptance in MENA countries and establish favourable conditions for large scale investments © Dii GmbH June 2010 14 Thank you for your attention! The sun does its work already, sending abundant energy to the deserts every day. Now it will be our turn to make better use of it! Let's start... www.dii-eumena.com © Dii GmbH June 2010 15.
Load more

Recommended publications
  • Good Governance of the Energiewende in Germany: Wishful Thinking Or Manageable?
    Good Governance of the Energiewende in Germany: wishful thinking or manageable? By Claudia Kemfert and Jannic Horne, Hertie School of Governance, July 2013 Germany has decided to phase out nuclear power and increase the share of renewable energy for electricity production to 80 % by 2050. The energy system transformation, the Energiewende, also aims to improve energy efficiency in the industry and buildings sector as well as to direct the transportation sector towards sustainability. The transition of the whole energy sector in an industrialized country like Germany is a complex issue which affects many sectors, interests of companies, citizens and residents, as well as politicians. The governance of the Energiewende in Germany can currently be described as very fragmented, not well structured, and heavily influenced by different lobbying groups and coalitions. Good governance should comprise clear long-term goals, a distinct allocation of responsibilities to one institution, more and better participation processes, and full transparency as well as better cooperation. Good governance can lead to much more efficient and effective progress of the Energiewende. Energy Transition in Germany: the Energiewende The German term “Energiewende” is about to become an international synonym for a major energy system transformation. Germany intends to change its overall energy system by shutting down all nuclear power plants by 2022 and reducing greenhouse gas emissions by at least 80% by 2050 (BMWi and BMU 2012: 15f). The contribution of 1 renewables to the total power production in Germany will be increased to 35% by 2020 and 80% by 2050 and their contribution to the total final energy consumption will rise to 18% by 2020 and 60% by 2050.
    [Show full text]
  • Neo-Colonial Continuities in the Mediterranean Infrastructure Projects of Atlantropa and Desertec
    Ardeth A magazine on the power of the project 7 | 2020 Europe Neo-colonial Continuities in the Mediterranean Infrastructure Projects of Atlantropa and Desertec Alexander Stumm Electronic version URL: https://journals.openedition.org/ardeth/1883 ISSN: 2611-934X Publisher Rosenberg & Sellier Printed version Date of publication: 1 December 2020 Number of pages: 127-140 ISSN: 2532-6457 Electronic reference Alexander Stumm, “Neo-colonial Continuities in the Mediterranean Infrastructure Projects of Atlantropa and Desertec”, Ardeth [Online], 7 | 2020, Online since 01 June 2021, connection on 29 July 2021. URL: http://journals.openedition.org/ardeth/1883 CC BY-NC-ND 4.0 Neo-colonial Continuities in the Mediterranean Infrastructure Projects of Atlantropa and Desertec Alexander Stumm Abstract Affiliatio Herman Sörgel’s gigantic project “Atlantropa” is a Technische Universität Berlin, prominent European project in terms of infrastruc- Institut für ture and territory in the first half of the 20th century. Architektur It is an example of a modernity that is necessarily Contacts: believing in progress through technology – as will stumm [at] tu-berlin be shown the first section of this essay, but it is also [dot] de profitable in that it historically locates Europe’s cur- Received: rent energy policy infrastructure projects in Africa, 8 July 2020 to which the second section of the essay is dedicated. The vision pursued under the name Destertec envis- Accepted: 23 February 2021 ages the large-scale implementation of renewable energy power plants, especially solar thermal power DOI: plants in Northern Africa. Both projects share an 10.17454/ARDETH07.08 unshakeable belief in ecomodernist ideas, meaning ARDETH #07 the solution of socio-economic and ecological chal- lenges through technology (Gall, 2014).
    [Show full text]
  • DESERTEC – Clean Power from Deserts
    In 2050, the world´s population will need 3 planets to cover it´s demand for resources DESERTEC – Clean Power from Deserts A concept for energy security and climate protection for a world with 10 billion people Hani El Nokraschy [email protected] 2 How can 10 billion people live peacefully together on just one planet? Desert Potential: 3000 PWh/y Energy is abundant 290 126 ~1100 144 PWh 700 95 11 125 ~200 ~200 Annual economic potential, in PWh (= 1000 TWh) Global demand (2008): 18 PWh/y Source: Trieb et.al.,DLR, 2009 3 4 4 MED-CSP EU-MENA ... a rapidly growing region Potential DESERTEC regions 4500 Turkey Historical Data MED-CSP Scenario ~4000 TWh/y Spain 4000 Portugal Malta Turkey Italy 3500 Greece This is a second Europe Tunisia 3000 Morocco How can it be achieved? Libya Egypt 2500 Algeria Yemen 2000 Egypt UAE Syria Saudi Arabia 1500 Qatar Oman Gross Electricity Consumption TWh/y Consumption Electricity Gross 1000 Lebanon Kuwait Jordan 500 Israel Iran Iraq 0 Iran Source: Gerhard Knies 1980 1990 2000 2010 2020 2030 2040 2050 Cyprus Bahrain Year 5 6 Vision for 2050 The DESERTEC Concept for EU‐MENA 3 Samples out of 20 EU-MENA HVDC DLR Studies: renewable energy potential in the EU and in MENA interconnections each line transmitting 5 Giga Watt Biomass: 1,350 TWh/y Electricity demand in EU‐MENA Geothermal: in the year 2050: 7,500 TWh/y 1,100 TWh/y Windpower: 1,950 TWh/y Hydropower: 1,350 TWh/y Solar power: 630,000 TWh/y Transmission losses 10-15% 7 8 Situation 2010 with 220/400 kV AC Lines 1400 MW __ 450 MW 350 MW 240 MW Under
    [Show full text]
  • The Future of Renewable Energy in the Mediterranean. Translating Potential Into Reality
    Table of content Introduction……………………………………………………………………………………………………….….. 2 1. The Southern and Eastern Mediterranean Energy Landscape…………………………... 4 1.1 Energy Demand and Supply……………………………………………………………………….……… 4 1.2 Energy Consumption and Efficiency……………………………………………………………....…. 6 1.3 Energy Production…………………………………………………..………………………………….…….. 9 1.4 The Crucial Role of Electricity……………………………………………………………………………. 15 2. The Regional Renewable Energy Potential and the Rise of Large-Scale Projects 17 2.1 The Renewable Energy Potential of the Region…………………………………………….…… 17 2.2 The Potential Benefits of Renewable Energy in the Region……………………………….. 25 2.3 The Evolution of Desertec and Other Large-Scale Renewable Energy Projects….. 30 2.4 The Emergence of National Renewable Energy Plans……………………………………….. 38 3. Rethinking Renewable Energy in the Region: The Need for a New Approach to Translate Potential into Reality…………………………………………………………………………. 43 3.1 Barriers to the Development of Renewable Energy in the Region……………….…….. 43 3.2 The Commercial Barrier: Reforming Energy Subsidies……………………………….……… 43 3.3 The Infrastructural Barrier: The Key Role of MED-TSO………………………………………. 49 3.4 The Regulatory Barrier: The Key Role of MEDREG……………………………….……………. 54 3.5 The Financial Barrier: The Key Role of Institutional Investors……………………………. 58 Conclusions: Towards a New “Euro-Med Renewable Energy Platform”………………… 68 Bibliography………………………………………………………………..………………………………….………. 70 Annex………………………………………………………………………………………………………………….…… 76 The rise of Turkey and the new Mediterranean Research project Introduction This study seeks to provide a clear and comprehensive overview on the various aspects related to the current status and the future prospects of renewable energy in the Southern and Eastern Mediterranean region (Morocco, Algeria, Tunisia, Libya, Egypt, Israel, Palestinian Territories, Jordan, Lebanon, Syria and Turkey). For the sake of simplicity and given the region’s natural endowment, this study exclusively focuses on solar energy (i.e.
    [Show full text]
  • DESERTEC Principles, Criteria and Indicators for the Evaluation Of
    DESERTEC Foundation Principles, Criteria and Indicators for the Evaluation of Renewable Energy Power Plants Version 1.0 Preamble A major objective of the DESERTEC Foundation is the global transformation towards a green economy with a particular emphasis on the use of renewable energies. The DESERTEC concept identifies areas with particularly sunny conditions as preferred sites for solar and solar-thermal power plants. Its originators suggest employing huge solar-thermal power plants for the provision of societies and industries in the respective countries with clean electricity. They furthermore point out that a fraction of the electricity demand of highly industrialised countries should be covered by imports from sun-rich regions to compensate for fluctuations of locally available renewable resources. Solar-thermal power plants are particularly suitable because they offer the option to store energy with minimal loss and thus to provide dispatchable electricity also at night. A number of organisations have pointed out that large-scale electricity production in sunny and arid regions must contribute to the energy supply and socio-economic development within these regions (KLAWITTER & SCHINKE 2011; also: Technology Roadmap, see box below). “Such projects need to result in win-win situations. It would seem unacceptable, for example, if all solar electricity were exported overseas while local populations and economies lacked sufficient power resources. Newly built plants will have to fulfil the needs of the local population and help develop local economies. Meanwhile, the returns from exporting clean, highly valued renewable electricity to industrialised countries could help cover the high initial investment costs of CSP beyond the share devoted to exports.” Technology Roadmap Concentrating Solar Power, OECD/IEA, 2010, Web Link.
    [Show full text]
  • Supporters of Desert Energy
    Hydrogen in the European Green Deal A new vector for international cooperation Thursday, 18th June 2020 “Desertec 3.0”: MENA to become a prosperous “Powerhouse” of Emission Free Energy Great Idea! It works! First Harvest! Acceleration! 2004 2009 2015 Pre-phase Conceptphase Implementationphases Green Electrons and green molecules Desertec 1.0 Desertec 2.0 Desertec 3.0 Development phases of emission free energy from the deserts of MENA ©Dii Desert Energy 2 Dii Desert Energy Industry Network … Current Status of Associated Partners (June 2020) ©Dii Desert Energy 3 ... it’s all about international cooperation 0 ‘Dii Desert Energy’ Maintaining a network of associations, industrial initiatives, development banks &NGOs ©Dii Desert Energy 4 Rock bottom LCoE for solar and wind game changer for green hydrogen. Development will go fast 10 Declining PV price 2013-2020 9 8 7 Solar PV in MENA 2020: 1.3-2.5 USD cents/kWh 6 5 4 Wind in MENA 2020: 3 2-3 USD cents/kWh 2 1 0 New Mexico (First Texas (Recurrent Dubai (Acwa Saudi Mexico (EGP Dubai (ALJ+ Abu Dhabi Mexico (NEOEN Dubai (ACWA Abu Dhabi (EDF Solar 2013) Energy 2014) Power 2014) Arabia(Taqnia 2016) Masdar 2016) (Marubeni 2017) 2018) 2019) 2020) Energy 2015) Unsubsidized (cents/kWh) ©Dii Desert Energy Source: Clean Technica Note: Prices not strictly comparable due to a number of different factors 5 Main sensitivity for green hydrogen remains the price of electricity and sufficient full load hours 6 The MENA Hydrogen Alliance What role does hydrogen play in the energy transition? Decarbonize transportation
    [Show full text]
  • Insights Series 2017 Renewable Energy for Industry
    Renewable Energy for Industry From green energy to green materials and fuels Cédric Philibert The views expressed in this paper do not necessarily reflect the views or policy of the International Energy Agency (IEA) Secretariat or of its individual member countries. The paper does not constitute advice on any specific issue or situation. The IEA makes no representation or warranty, express or implied, in respect of the paper’s content (including its completeness or accuracy) and shall not be responsible for any use of, or reliance on, the paper. Comments are welcome, directed to [email protected]. INTERNATIONAL ENERGY AGENCY The International Energy Agency (IEA), an autonomous agency, was established in November 1974. Its primary mandate was – and is – two-fold: to promote energy security amongst its member countries through collective response to physical disruptions in oil supply, and provide authoritative research and analysis on ways to ensure reliable, affordable and clean energy for its 29 member countries and beyond. The IEA carries out a comprehensive programme of energy co-operation among its member countries, each of which is obliged to hold oil stocks equivalent to 90 days of its net imports. The Agency’s aims include the following objectives: n Secure member countries’ access to reliable and ample supplies of all forms of energy; in particular, through maintaining effective emergency response capabilities in case of oil supply disruptions. n Promote sustainable energy policies that spur economic growth and environmental protection in a global context – particularly in terms of reducing greenhouse-gas emissions that contribute to climate change. n Improve transparency of international markets through collection and analysis of energy data.
    [Show full text]
  • A Roadmap for Renewable Energy in the Middle East and North Africa
    January 2014 A Roadmap for Renewable Energy in the Middle East and North Africa Laura El-Katiri OIES PAPER: MEP 6 The contents of this paper are the authors’ sole responsibility. They do not necessarily represent the views of the Oxford Institute for Energy Studies or any of its members. Copyright © 2014 Oxford Institute for Energy Studies (Registered Charity, No. 286084) This publication may be reproduced in part for educational or non-profit purposes without special permission from the copyright holder, provided acknowledgment of the source is made. No use of this publication may be made for resale or for any other commercial purpose whatsoever without prior permission in writing from the Oxford Institute for Energy Studies. ISBN 978-1-907555-90-9 ii Abstract Home to more than half of the world’s crude oil and more than a third of its natural gas reserves, the MENA region has, for the past fifty years, gained enormous significance as a global producer and exporter of energy. The MENA region is already a major energy consumer, and is forecast to continue to account, alongside Asia, for the majority of the world’s energy demand growth well into the 2030s; placing domestic energy policies at the heart of the region’s economic agendas for the coming decades. This paper argues that renewable energy – most importantly solar power, with its particular regional climatic advantage – could play a significant role as a cost-competitive alternative to conventional fossil fuels, if the full opportunity cost of domestically consumed oil and natural gas resources is fully priced into the regional energy system.
    [Show full text]
  • First Solar Joins Desertec
    March 16, 2010 First Solar Joins Desertec With an impressive record of successful installations in desert conditions in the United States, the United Arab Emirates and the south of Spain, as well as a planned 2 gigawatt solar power plant in Ordos City, Inner Mongolia, First Solar is recognized as the photovoltaic (PV) leader for utility-scale desert solar projects. First Solar’s advanced thin film technology delivers superior energy yields in high-heat conditions due to a lower temperature coefficient, making First Solar PV systems well-suited to harsh desert conditions. On March 16, 2010, First Solar was the first pure PV producer to become an associated partner of the Desertec Industrial Initiative, which aims to meet a significant portion of the electricity for the Middle East and Northern Africa as well as Europe by 2050 via a network of solar and wind energy sources. First Solar will contribute its considerable PV project expertise to Desertec working groups, demonstrating the potential of PV power plants to provide clean, sustainable, utility-scale energy by harnessing the desert sun. As a high-yield, low-maintenance technology, First Solar PV modules are the ideal complement to other renewable energies already represented in Desertec. For more information about the Desertec Industrial Initiative, please visit their website at http://www.dii-eumena.com/. To see examples of First Solar's utility-scale desert PV projects, please visit our photo library. If you want to learn more about the unique characteristics of First Solar's thin film technology please visit our technology page. .
    [Show full text]
  • Understanding the Bigger Energy Picture DESERTEC and Beyond
    SPRINGER BRIEFS IN ENERGY Michael Düren Understanding the Bigger Energy Picture DESERTEC and Beyond 123 SpringerBriefs in Energy More information about this series at http://www.springer.com/series/8903 Michael Düren Understanding the Bigger Energy Picture DESERTEC and Beyond 123 Michael Düren II. Physics Institute Justus Liebig University Giessen Giessen, Hesse Germany ISSN 2191-5520 ISSN 2191-5539 (electronic) SpringerBriefs in Energy ISBN 978-3-319-57965-8 ISBN 978-3-319-57966-5 (eBook) DOI 10.1007/978-3-319-57966-5 Library of Congress Control Number: 2017938138 © The Editor(s) (if applicable) and The Author(s) 2017. This book is published open access. Open Access This book is licensed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits use, sharing, adap- tation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made. The images or other third party material in this book are included in the book’s Creative Commons license, unless indicated otherwise in a credit line to the material. If material is not included in the book’s Creative Commons license and your intended use is not permitted by statutory regulation or exceeds the permitted use, you will need to obtain permission directly from the copyright holder. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use.
    [Show full text]
  • The DESERTEC Initiative
    The DESERTEC Initiative Powering the development perspectives of Southern Mediterranean countries? Steffen Erdle Published on behalf and with the support of the German Institute of Metrology / Physikalisch-Technische Bundesanstalt (PTB) Bonn 2010 Discussion Paper / Deutsches Institut für Entwicklungspolitik ISSN 1860-0441 Die deutsche Nationalbibliothek verzeichnet diese Publikation in der Deutschen Nationalbibliografie; detail- lierte bibliografische Daten sind im Internet über http://dnb.d-nb.de abrufbar. The Deutsche Nationalbibliothek lists this publication in the Deutsche Nationalbibliografie; detailed biblio- graphic data is available in the Internet at http://dnb.d-nb.de ISBN 978-3-88985-520-6 Steffen Erdle, Analyst & Consultant, Berlin E-mail: [email protected] © Deutsches Institut für Entwicklungspolitik gGmbH Tulpenfeld 6, 53113 Bonn ℡ +49 (0)228 94927-0 +49 (0)228 94927-130 E-Mail:[email protected] http://www.die-gdi.de Contents Abbreviations Summary 1 1 Introduction 3 2 The DESERTEC Initiative 6 2.1 The original concept 6 2.2 The organisational structure 12 2.3 The international context 13 2.4 A preliminary assessment of DESERTEC 17 3 The regional framework conditions for the DESERTEC Initiative 19 3.1 MENA countries: A focal point of world energy markets 19 3.2 Why business-as-usual has become a non-option 20 3.3 Beyond petroleum: Renewable energy as a potential alternative 24 3.4 Cases in point: The renewable energy policies of some frontline countries 26 3.4.1 Country case 1: Morocco 26 3.4.2 Country case 2: Tunisia 30
    [Show full text]
  • Desertec: Powering Europe with the Sahara Finance
    Finance 663 International Finance Desertec Desertec: Powering Europe with the Sahara Finance 663: International Finance Cambell Harvey 2/27/2014 Tsiri Agbenyega Rafael Andreata Crystal Bai Richard Bethune Finance 663 International Finance Desertec As the financial crisis heated up in 2008, Europeans Kept an eye on the bigger threat of climate change. European governments, utilities and industrial concerns cast about for salvation in the greatest energy resources of the Middle East and North Africa: their solar and wind energy. The smartest minds in Europe assembled an audacious plan to invest nearly €400 billion in renewable energy projects to feed Europe green energy from across the Mediterranean. Would it worK? Background Desertec Foundation The DESERTEC Concept shows concretely how the use of renewable energy in deserts and arid regions could lead to the positive further development of global society. The supply of businesses and households with clean, safe power at reasonable prices is crucial to the development of a prosperous society and the creation of job opportunities for development for large segments of the world population. Crucially, clean electricity from the desert is free from CO2 emissions and thus does not threaten the stability of the climate. The Desertec Foundation worKs in close collaboration with all sectors of society - government, industry, academia and non-governmental organizations (NGOs) - with the aim of bringing all relevant staKeholders together and promoting cooperation for the concept’s implementation. Between 2003 and 2007, the DESERTEC Concept was developed by an international networK of politicians, academics and economists. It was developed by the Trans-Mediterranean Renewable Energy Cooperation (TREC), a voluntary organization founded in 2003 by the Club of Rome and the National Energy Research Center Jordan, made up of scientists and experts from across Europe, the Middle East and North Africa (EU-MENA).
    [Show full text]