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Solar Power: Europe willing to pump in more than £5bn in Africa

The sketch:



Well this looks very ambitious. I am very curious where it might go from here. The Arabs are spending in everything these days and are gradually moving away from their main source of income: OIL!

Europe would provide initial funds for developing the solar technology that will be needed to run plants as well as money for constructing prototype stations. After that, banks and financial institutions, as well as national governments, would take over the construction programme, which could cost more than £200bn over the next 30 years.

'We don't make enough use of deserts,' said physicist Gerhard Knies, co-founder of the scheme. 'The sun beats down on them mercilessly during the day and heats the ground to tremendous temperatures. Then at night that heat is radiated back into the atmosphere. In other words, it is completely wasted. We need to stop that waste and exploit the vast amounts of energy that the sun beams down to us.'

Scientists estimate that sunlight could provide 10,000 times the amount of energy needed to fulfil humanity's current energy needs. Transforming that solar radiation into a form to be exploited by humanity is difficult, however.


I hope it isn't a scam!

Guardian Link

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