Morocco has been chosen as the first location for a German-led, €400bn project to build a vast network of solar and windfarms across North Africa and the Middle East to provide 15% of Europe’s electricity supply by 2050. The Desertec Industrial Initiative (DII), a coalition of companies including E.ON, Siemens, Munich Re and Deutsche Bank, announced at its annual conference being held in Cairo on Wednesday that “all systems are go in Morocco”, with construction…