The Desertec Project on its way to reality
One of the most promising energy projects in the future - Deutsche Bank is part of it. As Shareholder of Dii GmbH and in its role as financial intermediary and climate ambassador Deutsche Bank once more underlines the significance of sustainability and innovation for our company.
A unique industry initiative aiming to develop a reliable, sustainable and climate-friendly energy supply from the deserts in the Middle East and North Africa (MENA) has been established. Deutsche Bank, together with 12 shareholders including DESERTEC Foundation, signed the articles of association for the Dii GmbH (limited liability company). Dii is targeting accelerated implementation of the Desertec-concept as proposed by the DESERTEC Foundation.The work of 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.
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Dii - Facts at a glance (PDF / 291 KB)
Headlines
March 2010
Dii appoints Prof. Klaus Töpfer as its strategic advisor
March 05 – Munich – Prof. Klaus Töpfer will advise the Dii on strategic issues. His activities will focus on political and social questions, with a view to realising the Desertec vision to the benefit of all participants in Europe, the Middle East and North Africa.
October 2009
Joint venture Dii established and ready to take up work
October 30 – 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. Today in Munich the articles of association for the Dii GmbH (limited liability company) were signed by the group of founding members consisting of twelve companies and the DESERTEC Foundation.
July 2009
Energy from the desert: Memorandum signed for foundation of Dii
July 13 – A Memorandum of Understanding was signed today in Munich for the foundation of an industrial initiative aimed at generating power from renewable energies in the MENA Region.
