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Saudi Arabia's DESERTEC Power has been endorsed by the German DESERTEC Foundation to increase sustainable power generation from renewable sources
Headed by Ahmed Al-Malik, former vice governor of the Saudi Arabian monetary agency, its activities will include the planning, realisation, ownership, and, probably, the operation of renewable power plants.
Thiemo Gropp, director of the DESERTEC Foundation, said, “Saudi Arabia has the potential to be a championing nation in power generation from renewable energy sources and to advance in global climate-friendly development.
"The DESERTEC Foundation highly appreciates the opportunity to encourage the intended development through concrete projects.”
Al-Malik added, “The DESERTEC concept is visionary. The knowledge-driven DESERTEC Foundation, shareholders, and partners from inside and outside the kingdom are welcome to join into this effort.”