DESERTEC is a renewable energy project which aims to set up a massive network of solar and wind farms stretching across the Middle East and North Africa (MENA) region, and connect to Europe via a Euro-Mediterranean electricity network, primarily made up of high-voltage direct current (HVDC) transmission cables. The project, estimated at €400 billion (US$526 billion), will provide 15% of Europe’s electricity by 2050.
The project was conceptualized by the Munich-based ‘Desertec Industrial Initiative (Dii) GmbH’ – a consortium founded on 30 October 2009 by the non-profit ‘DESERTEC foundation’ and a group of 12 European companies led by ‘Munich Re’. The inspiration for the project came from the ‘Desertec concept’ – harness solar and wind energy from the deserts of North Africa – which was initiated under the auspices of the Club of Rome and the German Trans-Mediterranean Renewable Energy Cooperation (TREC).
On 24 November 2011, a memorandum of understanding (MoU) was signed between the Medgrid consortium and Dii to study, design and promote an interconnected electrical grid linking Desertec and the Medgrid projects. The Medgrid together with Desertec would serve as the backbone of the European super grid and the benefits of investing in HVDC technology are being assessed to reach the final goal – the supersmart grid. The activities of Dii and Medgrid are covered by the Mediterranean Solar Plan (MSP), a political initiative within the framework of the Union for the Mediterranean (UfM).
The DESERTEC concept was originally developed by Trans-Mediterranean Renewable Energy Cooperation (TREC) – a voluntary organization founded in 2003 by the Club of Rome and the National Energy Research Center Jordan. The concept was based on the scientific studies done by the German Aerospace Center (DLR). A key finding of the studies – illustrated in the statement made by Dr Gerhard Knies, a German particle physicist and founder of the TREC network of researchers – “The world’s deserts collect more energy from the sun in six hours than mankind consumes in an entire year.”, gave the much-needed impetus to conceptualize and initialize the ambitious Desertec project.
To promote the DESERTEC concept globally, the Hamburg based nonprofit organisation – DESERTEC foundation signed a Memorandum of understanding on 13 July 2009 with a group of twelve companies from Europe and North Africa, led by Munich Re. The other companies, included Deutsche Bank, E.ON, RWE, Abengoa. On 30 October 2009, the Dii GmbH was founded in Munich by these companies and the DESERTEC foundation. Paul van Son, previously energy manager in different companies, was appointed as the CEO of Dii GmbH. Dii now (April 2012) consists of 56 shareholders and associate partners from 15 countries from North Africa, the Middle East and Europe.
Munich Re Group (Munich Reinsurance Company, German: Münchener Rückversicherungs-Gesellschaft) is a reinsurancecompany based in Munich, Germany. It is one of the world’s leading reinsurers. ERGO, a Munich Re subsidiary, is the Group’sprimary insurance arm.
Munich Re’s shares are listed on all German stock exchanges and on the Xetra electronic trading system. Munich Re is included in the DAX index at the Frankfurt Stock Exchange, the Euro Stoxx 50, and other indices.
In 2010 the company’s equity amounted to €23.0 billion. The group’s premium income for the year (gross premiums written) was €45.5 billion, with its consolidated profit amounting to €2.430 billion.
In February 2010, U.S. investor Warren Buffett became Munich Re’s largest single shareholder with 10.2 percent of the company
Humankind is confronted with enormous challenges: global energy demand is climbing rapidly due to population growth and progressing industrialization. At the same time, global CO2 emissions have to be drastically reduced within the next few years in order to prevent runaway climate change.
The DESERTEC Concept offers a solution. Sufficient clean power can be generated in the world’s deserts to supply humankind with enough electricity on a sustainable basis. DESERTEC is an integrated concept which includes energy security and climate protection as well as drinking water production, socio-economic development, security policy and international cooperation.
We believe that by harnessing clean power from deserts, Greater East Asia can take a leading role in the fight against global warming. We are currently establishing contact with politicians, economists and scientists throughout this region, in order to promote the implementation of the necessary political framework conditions
Desertec stands for the vision of a sustainable energy supply from the deserts all over the world. Dii is a private industrial consortium working towards enabling this vision in Europe, the Middle East and North Africa (EUMENA). The power generated from sun and wind is intended primarily to meet the local demand of the producer countries, but could also be exported to Europe. The overall objective of Dii is to create a market for renewable energy from the deserts.
Desertec should be perceived as the development of numerous individual projects in the field of power generation and transmission and a suitable regulatory framework which will evolve over the coming years and decades.
this is the big kahuna of RE projects..none bigger…the actual grid to spread this “free” energy(desertec) which isnt really free is it?
so who is behind this? club of rome..and who stands to profit? warren buffett..yeah..so is this for you and me..or for them?
i want to know the private owners of Dii..names please..