Recently, Solar Power Plants have been planned to be installed in Sahara to generate electricity. Around a dozen companies are planning to launch a renewable energy initiative which they claim can provide Europeans with electricity generated from the Sahara at a cost of $557 billion within a decade.
A German insurer Munich Re, Deutsche Bank, utilities RWE and Eon, and industrial conglomerate Siemens are planning to form a company to explore the technical and geopolitical challenges of installing solar mirrors in the deserts of North Africa and Middle East.
