SOURCE: Industrial Info Resources

June 19, 2009 05:30 ET

European Companies Plan $550 Billion Solar Project in Sahara Desert, an Industrial Info News Alert

GALWAY, IRELAND--(Marketwire - June 19, 2009) - Researched by Industrial Info Resources (Sugar Land, Texas) -- A consortium of approximately 20 companies, including RWE AG (PINKSHEETS:RWEOY) (Essen, Germany), reinsurance company Munich Re Group (Munich, Germany), Siemens AG (NYSE:SI) (Munich) and Deutsche Bank (Frankfurt am Main, Germany), have announced plans for a pioneering 400 billion euro ($550 billion) project to build solar farms in the Sahara desert that will help power European households.

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