France Plans Group to Lay Solar Power Net, Handelsblatt Says

May 25, 2010 - Karin Matussek - bloomberg.com

France is forming a group of companies to lay an undersea power network that will bring electricity from North Africa to Europe, Handelsblatt reported.

The network, called Transgreen, will transport electricity from the Desertec solar power project, which France fears is too dominated by Germany, the newspaper said, citing unidentified people in the industry. Siemens AG, already part of Desertec, plans to join Transgreen as well, the newspaper said.

To contact the reporter on this story: Karin Matussek in Berlin at kmatussek@bloomberg.net