A Moroccan solar project worth some €6.6 billion aimed at turning desert sun into lucrative power exports to Europe could be at risk as international lenders balk at plants planned for the disputed Western Sahara.
The Desertec Industrial Initiative (Dii) has abandoned its strategy to export solar power generated from the Sahara to Europe, killing hopes of boosting the continent’s share of renewable electricity with cheap external supplies.
The Desertec project, which aims to power Europe with solar energy from the deserts of North Africa and the Middle East, is to go truly international next month as five new companies from Spain, Italy, France, Morocco and Tunisia join the scheme.
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