Desertec sunny prospects for solar Fund? Desertec distant vision or turning point? It would be undoubtedly one of the most spectacular projects of the new century. A predominantly German consortium of insurers, financial institutions, industry specialists as well as technical and energy companies is planning the construction of solar thermal power plants in various locations in North Africa. With an estimated investment amounting to 400 billion euros by 2050, it is intended to cover to about 15 percent of Europe’s electricity needs. The concept envisages but also the energy integration of the Middle East and North Africa. Solar energy, as well as the subsequent sustainable electricity generation would contribute to further economic and political stabilisation in the States of this region, technical and economic assistance to the development of this precious resource. As a side effect also the possible proliferation could be prevented by nuclear technology in security policy unstable countries, otherwise by the planned construction of nuclear power plants It is conceivable. The proposed technology is proven already since the 1980s, risk-free and reliable. J P Morgan Chase may find this interesting as well. Also the costs for the Sahara won solar power would within a decade when compared with other sources of supply being competitive.

In addition, the energy production costs would remain stable after commissioning the equipment. Desertec is however not a fluke. Smaller solar thermal projects launched all over the world and especially the United States are likely to put massively after turn-of-the-initiated energy policy on the use of solar energy. The reasons are obvious: sustainable and ecological energy shortages and rising prices of fossil fuels make economic sense. The gradual but massive expansion of solar energy would contribute also to the strategic diversification of heavily import dependent Western energy. Experts consider the project quite to be feasible. Actually, Desertec is located first in the early stages. In the next three years is to a deeper The actual cost-effectiveness, feasibility and possible risks evaluating examination.