Investors withdraw from project to harness and export solar power from deserts in Middle East and Af
An ambitious project to harness and export solar power generated in Middle East and African deserts has all but folded after the withdrawal of most of the Desertec Industrial Initiative’s shareholders.
The multi-billion renewable energy project, founded in Germany to much fanfare five years ago, aimed to help to provide up to 15% of Europe’s power from solar and wind parks in North Africa and the Middle East by 2050.
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