China's SGCC interested in Desertec
State power firm interested in joining massive renewables scheme
China’s State Grid Corp (SGCC) is reportedly interested in joining the Desertec initiative which aims to supply Europe with electricity from renewable sources in North Africa. Reuters has said that a Desertec spokesperson has confirmed an earlier report in the Financial Times Deutschland that SGCC were looking to join the project.
SGCC was established in 2002, and claims to be the world’s biggest utility company. Its service area covers 88% of China’s territory and the firm has over 1.5m employees.
Desertec has been in the news a good deal in recent weeks, with news of an MoU signed with Morocco’s Agency for the Development of Renewable Energy and Energy Efficiency followed by reports that Siemens was planning to leave the initiative. Siemens has recently announced that it is selling its solar business, and is consequently expected to leave the Desertec group of companies.