The New European Energy Project

Europe is going to get energy from the Middle East and Africa according to the new energy project. According to the new project a net of solar stations will cover a huge territory of several African and Middle Eastern countries. The project foresees transmitting of power over the bottom of Mediterranean Sea via the submarine cables. The long-term project cost is over 400 milliard Euro and well-known companies as Siemens, ABB together with several banks are taking part in its development and financial support. Electric energy received will cover the sixth part of European electricity needs. The solar energy stations are expected to work at full capacity by 2050. In 10 years the first electric power will be transmitted from Africa. By now experts estimate all the project peculiarities and all its engineering and financial sides. The Desertec report says that the program for solar energy production will be ready in three years. It s capacity will be over 100 GW. Solar plants net will give energy amount equal to that of 100 traditional power plants.