Siemens May Seek State Aid for Desertec, Tagesspiegel Reports

Siemens AG may seek state aid for plans to develop solar-electricity generators in the Sahara Desert, Tagesspiegel reported, citing the company’s chief coordinator of the so-called Desertec project.

Uncertainties related to Desertec will translate into “increased hurdles to funding,” the newspaper quoted Bernd Utz, head project coordinator at Siemens, as saying in an article to be published in tomorrow’s edition. “A supporting hand of the state can be helpful here.”

To contact the reporter on this story: Andreas Cremer in Berlin at acremer@bloomberg.net.

To contact the editors responsible for this story: Kenneth Wong at kwong11@bloomberg.net.

• Facebook Share
• LinkedIn
• Google +1
• COMMENTS
• Print
• QUEUE