Medgrid to Study Developing a Mediterranean Power
Grid for Solar Energy Dec 28, 2010 - Tara Patel- Bloomberg.com
A group of utilities, grid operators
and equipment makers plans to study developing a
network spanning the Mediterranean Sea to link Europe
to North African solar-energy projects.
Medgrid, to based in Paris, will carry out feasibility
studies during three years for a grid that may start
importing electricity to Europe by 2020, it said
today in a statement.
The 20-shareholder company, created yesterday, is
a “major step” toward plans to develop
20 gigawatts of mostly solar renewable energy by
2020 in North African and eastern Mediterranean countries,
a quarter of which will be exported to Europe, according
to the statement.
Medgrid’s mostly European 21 partners include
Abengoa SA, Alstom SA, Areva SA, Electricite de France
SA, GDF Suez SA, Prysmian, Red Electrica Corp. SA,
Siemens AG, Taqa Arabia and Terna SA.
More than 30 European companies have joined the
Desertec Industrial Initiative, which seeks to connect
Europe to solar power in the Sahara through high-voltage
transmission cables.
To contact the reporter on this story: Tara Patel
in Paris at tpatel2@bloomberg.net.
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