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As an innovator in the financial sector, Deutsche Bank promotes innovation in other areas as well - with a clear emphasis on sustainability. Supporting the Solar Impulse pioneer project demonstrates that attitude in a concrete way: The first flight around the world in a manned solar aircraft - which is scheduled for 2014 - is a ground-breaking project aimed at shifting the limits of what is feasible. The first leg of the final major test flight has now been successfully completed.
The intercontinental flight that has started is regarded as the final test before the scheduled record flight – flying over mountain ranges and the Mediterranean will place extreme demands on materials as well as the pilots. On its route to Morocco, Solar Impulse has now completed the longest flight leg that has ever been flown by a solar aircraft, landing in Madrid after 17 hours and a distance of more than 1,100 kilometers. As a result of the flight that has just been completed, the team under the direction of Bertrand Piccard and André Borschberg – which is supported by Deutsche Bank as a main partner - has come a huge step closer to its goal: The tremendous potential of renewable energies and energy-efficient processes was impressively demonstrated during the flight over the Pyrenees, powered exclusively with solar energy.
As soon as the weather in the Spanish capital permits, the solar airplane – this time with Bertrand Piccard at the controls – will continue on its way, heading for Africa over the Straits of Gibraltar. Under the auspices of King Mohammed VI and at the invitation of the Moroccan Agency for Solar Energy (MASEN), the presence of Solar Impulse in Morocco is intended to support commencement of construction on a solar complex by MASEN: The world’s largest solar thermoelectric power plant is being built in the Ouarzazate region. With a capacity of 160 megawatts, the complex is part of Morocco’s energy plan. The objective of that plan is to build five solar facilities with a capacity of 2,000 megawatts by the year 2020 and thus to achieve CO2 emission reductions amounting to 3.7 million tons. Solar Impulse supports that trailblazing project, which is fully in line with its own message and philosophy.
Through its role as a partner of the Desertec Industrial Initiative (dii), the bank is also actively involved in Morocco in connection with DESERTEC, another ambitious co-operation project in the renewable energy sector. The name DESERTEC stands for the general vision - open to all types of technology - of achieving a sustainable power supply for all regions of the world with access to energy potential from deserts.
As a main partner of Solar Impulse and Dii shareholder, the bank is highlighting the great significance of sustainability and innovation for our company with this initiative and thus emphasizing its leading role as a financial intermediary and a climate ambassador in conjunction with its climate strategy.
More about the partnership of Deutsche Bank and Solar Impulse