The Desertec Industrial Initiative (DII) director Paul van Son said unrest in North Africa would not hinder the Sahara solar power scheme, and to show continued confidence, Italy’s first bank has signed on as a shareholder.
“We chose to become shareholders of DII as a further step within our comprehensive sustainability strategy and to give our contribution to fight climate change,” said Vittorio Ogliengo, Head of Global Financing and Advisory.
van Son said: “We are very proud that UniCredit joins our industry initiative. Our aim is to create a renewable energy partnership in the Mediterranean region. This will involve investments, the development of new industries in MENA countries, the creation of jobs and the transfer of knowledge and know-how. The ever-increasing support of highly notable financial institutions such as UniCredit proofs that large-scale renewable energy development is also regarded as an attractive and promising business opportunity.”
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