Â£50bn investment needed for the proposed supergrid between Africa and Europe to become a reality
New findings from Dr Anthony Patt of the International Institute for Applied Systems Analysis in Africa shows that the proposed supergrid that could power all of Europe with renewable energy only would need around Â£50 billion of government funded money to become a reality.
The Â£50 billion government investment would, according to Patt, convince private companies that the supergrid idea is both "feasible" and "attractive", the Guardian reports.
According to Patt only a small fraction of the Saharan desert would be needed to produce enough energy for the whole of Europe.
Arnulf Jaeger-Walden of the European commissionâ€™s Institute for Energy have said that the solar energy from the Saharan desert would be cheap and â€œbelow what the average consumer is paying:â€
So what are we waiting for!?