Mitsubishi and Libya’s Al Fateh University will sign a memorandum of understanding to begin joint research and development of reusable energy sources.
The Japanese trading company will put up the money for research into reusable energy by Libya’s largest university. Japan will also supply test materials and send specialists to Al Fateh from 2009 to 2011. The two will also engage in field-tests of solar power generation systems at the university.
Libya is one of the world’s leading oil-producing countries. The country is also working to develop green energy. Libya is a prime location in that it has hours of intense sunlight each day. Mitsubishi and Al Fateh U want to develop technology and expertise. After that, they will cultivate leaders for the new industry.
Wind power is also on the docket because of the strong gusts that buffet the country’s coastal region.
Mitsubishi wants more trade with Africa. Libya is seeking technology from advanced countries. Win-win, eh?
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