Terna to reinvest solar asset sale proceeds | Reuters: "Terna, which last month joined a multi-billion euro international Desertec project to generate power from sunlight in Africa, plans to invest 400-500 million euros in the interconnector to Tunisia.
'Tunisia, which will be the first connection between Europe and North Africa, will provide us with a higher return than our Italian regulated business,' he said.
Desertec, expected to cost 400 billion euros, aims to develop solar energy in the deserts of North Africa to supply the local population and potentially up to 15 percent of Europe's power demand by 2050."
Tuesday, October 19, 2010
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