German companies plan to invest 552 billion USD building a solar power plant

German Suddeutsche Zeitung reported Tuesday by the global reinsurance giant Munich Re AG, such as the composition of 20 large enterprises of investment team, will invest 400 billion euros (552 billion U.S. dollars) building a solar power plant, for the German families with clean energy.

Munich Re AG said Torsten Jeworrek executive director, is currently participating in the investment plan called Desertec, and also include Siemens AG and Germany's largest bank Deutsche Bank.

Jeworrek said that the solar energy investment plans will be built in northern Africa, is seeking more investment partners in Europe and North Africa to join. Team is scheduled to be completed next month, an official plan, in 2-3 years to complete the detailed plans, objectives 10 years after the beginning of the supply of electricity.

Jun. 17, 2009