Munich Re heads for the desert
Munich Re is leading the charge in an ambitious plan to ease Europe’s energy woes by building solar power plants in the Sahara desert.
In a publication launched last week, the No 1 global reinsurer says the North African deserts could realise new business potential, combining energy security with climate protection.
Board member Torsten Jeworrek says electricity produced in solar thermal power plants in North Africa and transported to Europe via direct current power grids in a project known as Desertec could play a key role in the sustainable energy mix of the future.
“This is no longer a distant vision but technologically fascinating and also achievable,” he said. “We are commencing a dialogue with visionary thinkers and companies that, like us, are convinced of Desertec’s enormous economic, ecological and social potential.”
Mr Jeworrek says innovative thinking is needed to develop insurance solutions to minimise the risks for investors of renewable energy forms.
In a publication launched last week, the No 1 global reinsurer says the North African deserts could realise new business potential, combining energy security with climate protection.
Board member Torsten Jeworrek says electricity produced in solar thermal power plants in North Africa and transported to Europe via direct current power grids in a project known as Desertec could play a key role in the sustainable energy mix of the future.
“This is no longer a distant vision but technologically fascinating and also achievable,” he said. “We are commencing a dialogue with visionary thinkers and companies that, like us, are convinced of Desertec’s enormous economic, ecological and social potential.”
Mr Jeworrek says innovative thinking is needed to develop insurance solutions to minimise the risks for investors of renewable energy forms.