The ambitious Dii has had a difficult time in recent months, with delays in project finalization as intergovernmental agreements are held up. Furthermore, continuing political instability in parts of North Africa and the MENA region have required a shift in focus.
This shift was set out in the Dii 2012 Annual Report, which stated, "More than ever before, our focus in the next two years will be on integrating the EU and MENA energy markets and on offering real projects to our stakeholders."
Dii is a multilateral project that aims to facilitate the development of an intercontinental and multinational electricity grid and renewable energy generation network spanning Europe, North Africa and the MENA region. As such, it hopes to provide the basis for a 100% renewable energy future for the region in the future.
The 2012 Dii report confirmed that shareholders have extended its mission through to 2015. However, not all shareholders have been prepared to stay the course, with Siemens withdrawing from Dii in December of 2012 and rumors abounding in the German press that Bosch will do the same.
Despite this setback, Dii states in its annual report that it is well positioned to focus on its new course: "We have readjusted our strategy for the coming years and prepared our organization for the work ahead."
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.