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The Desertec Industrial Initiative aims to supply Europe with 15% of its energy needs by 2050. Companies who signed up to the $400bn (£240bn) venture include Deutsche Bank, Siemens and the energy provider E.On.
The consortium, which will be based in Munich, hopes to start supplying Europe with electricity by 2015.
Bring it on -- I love news of big businesses poised to make big money by solving climate change and advancing our transition to a clean energy economy...
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Wow, that's quite the solar endeavor. Man, some people sure do dream big :)
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