Desertec was set up in 2009 with a projected budget of 400bn euros to tap the enormous potential of solar and other renewables in North Africa.Recently, one or two large scale Australian solar plans failed to get government backed funding too. A balance account of that can be found at Climate Spectator.
The hope was that by 2050, around 125 gigawatts of electric power could be generated. This would meet all the local needs and also allow huge amounts of power to be exported to Europe via high-voltage direct current cables under the Mediterranean sea.
But three years later, the project has little to show for its efforts. Two large industrial partners, Siemens and Bosch, have decided they will no longer be part of the initiative.
I wonder: when some solar thermal plants go on line overseas, will their (I hope) success make it easier to get ones funded here.
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