Pulitzer winning climate news.
facebook twitter subscribe
view counter

EagleFordProjectPreviewBlock

BloombergLegacyPreviewBlock

BusinessDeveloperAd



CleanBreakAdAmazon

Donate to InsideClimate News through our secure page on Network for Good.

Moroccan Solar Sees Path Forward With or Without Desertec

Dec 21, 2012
Source: 
(Forbes)

If the news of the last month and a half is any indication, the likelihood of finally kick-starting the Desertec renewable scheme in North Africa had become more elusive than even critics once thought. Facing wavering support from vital shareholders and a small, but significant exit of two of the program’s largest corporate backers, the green energy plan emerged from the month battered by the press and familiar critics alike. If the rush of articles that surrounded the were to be believed, the beleaguered green power scheme had faltered and threatened to take the region’s renewable fortunes down with it.

However, as the smoke clears, it appears that Desertec’s organizational setbacks are having little effect on the health and stability of North Africa’s green energy sector. Instead, reports show that investment has continued to pour in, shifting the focus in the eyes of some to where new energy development belongs – at home.