NU Online News Service, July 13, 3:26 p.m. EDT

Munich Re is among 12 companies that have signed a Memorandum of Understanding (MoU) to look into developing carbon-free power generation in North Africa that would meet around 15 percent of Europe's electricity requirements.

According to Munich Re, the companies signed the MoU with the objective of "[analyzing] and [developing] the technical, economic, political, social and ecological framework for carbon-free power generation in the deserts of North Africa."

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