- Published: 05 November 2009 05 November 2009
An industry initiative to develop a reliable, sustainable and climate-friendly energy supply from the deserts in the Middle East and North Africa (MENA) is now taking shape. In Munich the articles of association for the DII GmbH (limited liability company) were signed by the group of founding members consisting of twelve companies and the DESERTEC Foundation..
The DII aims at accelerated implementation of the DESERTEC concept, as proposed by the DESERTEC Foundation. This work of the DII will entail a thorough analysis and the establishment of a framework for investments to supply the MENA region and Europe with power produced using solar and wind energy sources. The long-term goal is to satisfy a substantial part of the energy needs of the MENA countries and meet as much as 15% of Europe’s electricity demand by 2050. Shareholders of the DII are ABB, ABENGOA Solar, Cevital, DESERTEC Foundation, Deutsche Bank, E.ON, HSH Nordbank, MAN Solar Millennium, Munich Re, M+W Zander, RWE, SCHOTT Solar and Siemens. In the near future further companies from different countries will join the DII as shareholders or partners to ensure broad-based support from the EUMENA society. DII headquarters will be located in Munich.