Germans plan $555 billion Africa solar project
The project, led by Munich Re, would use the energy from the Africa-based solar project to provide electricity to German households, Munich Re board member Torsten Jeworek said in an interview with Sueddeutsche Zeitung.
The consortium members plan to meet in Munich on July 13 to set up the group formally, he added.
He declined to give full details about members but said they include Siemens, RWE, Deutsche Bank, the German Economy Ministry and the Club of Rome, a non-government group based in Zurich.
"We want to start an initiative that would present concrete plans in two to three years time," Jeworek said.
Related News
Carbon emissions fall as electricity producers move away from coal
LONDON - Carbon emissions from the global electricity system fell by 2% last year, the biggest drop in almost 30 years, as countries began to turn their backs on coal-fired power plants.
A new report on the world’s electricity generation revealed the steepest cut in carbon emissions since 1990 as the US and the EU turned to cleaner energy sources.
Overall, power from coal plants fell by 3% last year, even as China’s reliance on coal plants climbed for another year to make up half the world’s coal generation for the first time.
Coal generation in the US and Europe has halved since…
