Article Courtesy of:  Reuters

Europe’s Saharan power plan: miracle or mirage?
By Tom Pfeiffer
RABAT (Reuters) – A 400 billion euro ($774 billion) plan to power Europe with Sahara sunlight is gaining momentum, even as critics see high risks in a large corporate project using young technology in north African countries with weak rule of law.
Desertec, as the [...]

Solaya is the development arm of Lumus Construction. Solaya is a renewable energy development company with a focus on wind, solar and fuel cell power projects throughout the world. Our team has over 100 years of experience in wind power and real estate development & finance. Our team has managed over $10 billion in construction over the past 10 years. We have over 630 MW of active projects at various stages of development in the United States, India, Pakistan, Israel and Brazil. We have formed strategic partnerships with various wind, solar and fuel cell manufacturers as well as various technical consultants

Bonn-based SolarWorld said in a statement it was planning to offer GM euro250 million ($350 million) in cash and another euro750 million ($945 million) in credit lines in a bid for four German production facilities and Opel’s Ruesselsheim development center and headquarters, to make it Europe’s first true “green” auto company.