First Solar joins Desertec as shareholder

Founded in 2009 by a group of mainly German solar companies with the aim of bringing together solar projects and grids across the EU, Middle East and North Africa, the Dii was hit by the decision of Siemens to pull out as a shareholder in December with fellow German company Bosch following suit.

But associate partner First Solar has announced it will upgrade its status to that of shareholder this month.

The development is part of the U.S. company’s commitment to exploring new markets with a new office opened in Dubai and another planned in Saudi Arabia.

First Solar is constructing a 13 MW photovoltaic plant for the Dubai Electric and Water Authority at Seih Al Dahal, 50 km south of Dubai.

The plant is phase one of the 1 GW, AED12 billion (US$3.26 billion) Mohammad Bin Rashid Al Maktoum Solar Park. The U.S. company also developed a 5 MW system for the Masdar Abu Dhabi Future Energy Company.