Wednesday, July 15, 2009

Harnessing Africa's Solar Energy

Here's a story from the Wall Street Journal about a new effort to bring solar energy from Africa to European markets.

A consortium of European energy companies will work together over the next three years to get this idea to market.

The article notes the project will likely face a host of problems (institutional as well as physical) but if it works it will bring much needed energy to North Africa as well as to Europe. Lack of reliable energy supplies is often listed by African businesses as a major, if not THE major constraint they face in growing their businesses so this is potentially good news for Africa's business community.

- Karol

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