Desertec Industrial Initiative Appoints Toepfer As Adviser

Date : 03/05/2010 @ 2:49PM
Source : Dow Jones News
Stock : Asbury Automotive Grp. (ABG)
Quote : 77.8  0.17 (0.22%) @ 9:00PM

Desertec Industrial Initiative Appoints Toepfer As Adviser

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Desertec Industrial Initiative (Dii), the Sahara Desert solar power initiative, Friday said it appointed Professor Klaus Toepfer as strategic adviser.


-Toepfer's activities will focus on political and social questions, with a view to realizing the Desertec vision to the benefit of all participants in Europe, the Middle East and North Africa.

-In Toepfer, the Dii gained the support of a top-level, internationally renowned figure and recognized expert in his field.

-From 1998 to 2006, Toepfer was executive director of the United Nations Environment Programme (UNEP) in Nairobi. Prior to that, he was a member of the German federal government for more than 10 years, seven of these as federal minister for the environment, nature conservation and Nuclear Safety. Furthermore, Toepfer was appointed the founding director of the Institute for Advanced Climate, Earth System and Sustainability Sciences (IASS) in Potsdam, which was set up in 2009.

-"The Desertec Industrial Initiative is a prime example of sustainable and entrepreneurial action," Toepfer said. "Desertec can make a major contribution not only to generating sustainable energy but also to combating climate change. But it is vital to guarantee that the countries in which electricity is produced from renewable energies also benefit in no small measure. This will be my role."

-The Desertec Industrial Initiative (Dii) aims to create the framework for generating sustainable and climate-friendly power in the deserts of the Middle East and North Africa.

-For this purpose, the joint venture Dii GmbH (limited liability company) was founded in October 2009.

-The founding members of Dii GmbH are ABB, Abengoa Solar, Cevital, the DESERTEC Foundation, Deutsche Bank, E.ON, HSH Nordbank, MAN Solar Millennium, Munich Re, M+W Group, RWE, SCHOTT Solar and Siemens. The number of shareholders will increase in the near future to include further companies from the MENA region and Europe.

-Frankfurt Bureau, Dow Jones Newswires; 49-69-29725-500 

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