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UniCredit and Desertec Together for Sustainable and Climate Friendly Power

UniCredit and Desertec Together for Sustainable and Climate Friendly Power

UniCredit is the first Italian financial institution to join Desertec Industrial Initiative (Dii) as shareholder, a unique private industry joint venture.

 

Dii aims at creating the framework for generating sustainable and climate-friendly power from sun and wind energy in the deserts of the Middle East and North Africa (MENA).


The long-term goal is to satisfy both a substantial part of the energy needs of the MENA countries and to meet up to 15% of Europe's electricity demand by 2050. "We chose to become shareholders of Dii as a further step within our comprehensive sustainability strategy and to give our contribution to fight climate change" stated Vittorio Ogliengo, Global Head of Financing & Advisory. 

 

Please read the full press release to know more.