A group of solar, engineering and financial companies signed a memorandum of understanding to set up the Desertec Industrial Initiative (DII), which is aimed at promoting concentrated solar power (CSP) generation from the deserts of North Africa.
The 12 founder companies include solar companies Solar Millennium, Abengoa and Schott, engineering companies Siemens and ABB, utilities RWE and E.ON and financial companies Deutsche Bank, HSH Nordbank, and MunichRe.
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