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.
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