First Solar says joins solar project Desertec
(Reuters)
U.S. solar power company First Solar said it had joined the Desertec solar power project, which hopes to supply 15 percent of Europe's power by 2050 via a network of renewable energy sources. First Solar said it was the first pure photovoltaic company to join Desertec, the world's most ambitious 400 billion euro ($549.9 billion) solar power project that proposes sending energy created in the Sahara to local markets and to Europe. The Arizona-based company said it had joined Desertec for an initial period of three years and that it would contribute utility-scale PV expertise in project working groups. Twelve member companies - mostly German ones including Siemens, E.ON, RWE and Deutsche Bank - support the Desertec Industrial Initiative, launched at Munich Re headquarters in July last year.
