First Solar boosts Desertec with status hike

How Desertec may look

First Solar has upgraded its status within the Desertec Industrial Initiative (DII) to full shareholder from associated partner, in news which will dilute the growing perception that DII has been blown off course.

The US thin-film giant joined DII as an associated partner for an initial three-year period in March 2010, less than a year after the organisation was established to push forward plans to build a mega-network of renewables plants in North Africa for export to Europe.

For First Solar, the decision was taken to “emphasise” its commitment to the Middle East and North Africa (MENA) region, “where we see tremendous potential to build a sustainable market for solar power”, according to Christopher Burghardt, vice president of business development for Europe and MENA.

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