Further initiatives
db Greentech-Network Germany
Deutsche Bank has recognized the “Greentech” sector as a future growth market, not only for Germany. Specialists from a large variety of areas within the bank are dealing with this issue. These include Private & Business Clients and Private Wealth Management in respect to marketing of structured investments or financing of roof solar panels, Asset Management with "green" investment funds, Global Markets and Global Banking in respect to financing of manufacturers, suppliers and consumers in the Greentech field and securing commodity prices as well as expert teams in GermanMidcaps and Credit Risk Management. Employees from all these areas regularly meet as the "db Greentech Network Germany" in order to exchange experiences and to conduct strategic dialogues concerning the "Greentech" sector to offer one-hand solutions to Deutsche Bank's clients.
Desertec industrial initiative
A unique industry initiative to develop a reliable, sustainable and climate-friendly energy supply from the deserts in the Middle East and North Africa (MENA) is now taking shape. On October 30, 2009, the articles of association for the DII GmbH (limited liability company) were signed in Munich by the group of founding members consisting of twelve companies and the DESERTEC Foundation. The DII aims at accelerated implementation of the DESERTEC concept, as proposed by the DESERTEC Foundation. This work of the DII will entail a thorough analysis and the establishment of a framework for investments to supply the MENA region and Europe with power produced using solar and wind energy sources. The long-term goal is to satisfy a substantial part of the energy needs of the MENA countries and meet as much as 15% of Europe’s electricity demand by 2050.
Press Release "Joint venture DII established and ready to take up work", Oct 30, 2009
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