Transgreen, future electricity network in the Mediterranean - July 6, 2010
Enshrined in the Mediterranean Solar Plan (SMP), Transgreen aims to channel a portion of the solar and wind energy produced in Africa to Europe by 2020. Its objective is to export 5 gigawatts (GW) of renewable electricity on a total of 20 gigawatts produced on the south shore of the Mediterranean. An investment of 8 billion euros granted to the future network in addition to 40 billion euros from the Mediterranean Solar Plan devoted to the production of this green energy.
Jean-Louis Borloo Transgreen is the "Union for the Mediterranean for real", a concrete infrastructure that prevails "on the institutional" and he does not hesitate to compare the ECSC, European Coal and Steel Community, the fathers of Europe.While strengthening North-South cooperation, the project will, according to the minister, not only to reduce emissions of greenhouse gases, contribute to European energy security but also ensure access to electricity Africa, a prerequisite to economic development. Transgreen could create over 150,000 jobs and increase of 10% electricity production in North Africa.
Thirteen companies and institutions (including the Deposit) founded the renowned consortium Transgreen. Led by EDF, the partnership remains open to new participants. With a modest budget 2-3000000 euros, the consortium will coordinate the efforts of investors.One of the most complex tasks will be to address regulatory and policy paving the way for the purchase by the countries of the EU electricity produced in Africa under conditions profitable for all partners.