Pr desertec uni_credit spa first italian financial institution to join industrial initiative dii as shareholder_11022011
Press releaseMilan/Munich, 11 February 2011Desertec: UniCredit SpA first Italian financial institutionto join industrial initiative Dii as shareholderMilan/Munich - UniCredit is the first Italian financial institution to join Dii as shareholder,the unique private industry joint venture that was launched as the Desertec IndustrialInitiative in July 2009.Dii aims at creating the framework for generating sustainable and climate-friendly powerfrom sun and wind energy in the deserts of the Middle East and North Africa (MENA) andprepare the integration with the European energy market. The long-term goal is tosatisfy both a substantial part of the energy needs of the MENA countries and to meet upto 15% of Europe’s electricity demand by 2050.“We chose to become shareholders of Dii as a further step within our comprehensivesustainability strategy and to give our contribution to fight climate change - stated Mr.Vittorio Ogliengo, Head of Global Financing and Advisory -. UniCredit is stronglycommitted to reducing its internal greenhouse gases emissions and to provide itscustomers with financially suitable solutions for the development of the green economy.We firmly believe that the Desertec vision is key for the transition to a low carboneconomy and for sustainable growth in the 21st century and are very much pleased to bepart of Dii.”Paul van Son, CEO of the Dii: “We are very proud that UniCredit joins our industryinitiative. Our aim is to create a renewable energy partnership in the Mediterraneanregion. This will involve investments, the development of new industries in MENAcountries, the creation of jobs and the transfer of knowledge and know-how. The ever-increasing support of highly notable financial institutions such as UniCredit proofs thatlarge-scale renewable energy development is also regarded as an attractive andpromising business opportunity.”UniCredit, as unique italian bank shareholder, play an active role in developping theproject. Davide Mereghetti, Massimo Pecorari and Simone Marcucci represent UniCredit inDii Shareholders Assembly.About UniCreditUniCredit is a major international financial institution with strong roots in 22 Europeancountries. Our network, which is present in roughly 50 markets, includes an estimated9,600 branches and more than 161,000 employees (as of September 30, 2010).In the CEE region, the Group operates the largest international banking network with nearly3,900 branches.
About Dii (www.dii-eumena.com)Dii is the industrial consortium founded in 2009 with the aim of realizing the Desertecvision. It is now backed by more than 50 international institutions that support Dii asshareholders or associated partners. Dii’s core objectives are to • analyze and develop a technical, economic, political and regulatory framework for feasible investments into renewable energy and interconnected grids, • originate 2-3 reference projects to demonstrate the overall feasibility of the Desertec vision, • develop a long-term roll-out plan for the period up to 2050 providing investment and financing guidance.Shareholders of Dii:ABB | Abengoa Solar | Cevital | DESERTEC Foundation | Deutsche Bank | Enel Green Power | E.ONFlagsol | HSH Nordbank | Munich Re | M+W Group | NAREVA Holding | Red Eléctrica de España | RWESaint-Gobain Solar | SCHOTT Solar | Siemens | Terna (Italy) | UniCreditAssociated Partners of Dii:3M | AGC | Audi | BASF | BearingPoint | Bilfinger Berger | Bosch Rexroth | Commerzbank | Concentrix SolarConergy | Deloitte | Dow Corning | Evonik Industries | FCC Energía | First Solar | FLABEGFraunhofer Gesellschaft | GL GARRAD HASSAN | HSBC | IBM | ILF Consulting Engineers | Italgen | KAEFERLahmeyer International | Maurisolaire | Max-Planck-Gesellschaft | Morgan Stanley | NUR ENERGIE | OMVSchoeller Renewables | SMA Solar Technology | TERNA ENERGY (Greece) | TÜV SÜDContact for media: Alexander MohantyUniCredit Media Relations: Dii GmbHE-Mail: MediaRelations@unicredit.eu E-Mail:firstname.lastname@example.orgPhone: +39 02 88628236 Phone: +49 89 340 7705 20www.unicreditgroup.eu www.dii-eumena.com