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May 28, 2008

Mix of techonologies to reduce carbon emission

Analysis of: Europeans switching back to coal | www.iht.com
This analysis is solely the work of the author. It has not been edited or endorsed by GLG.
Analysis By:
Salvatore Pinizzotto, Managing Director Salvatore Pinizzotto
Managing Director , Xida Market Research
Implications: Enel's investment plan is considering the development of a mix of technologies to increase security of energy supply and bring Italy a step forward to comply with the Kyoto's goals.

Analysis: The conversion of the power plant in Civitavecchia is only part of the investments Enel intends to do in the next five years. A big slice of the company's investment plan is focused on differentiation of energy related sources with a strong focus on renewable ones. 

1,7 Gigawatt will come from renewable energy sources  and improvements will be done in  existing hydro- and geothermal plants.

Solar panels will be used to generate 5 megawatt close to the gas power plant of Priolo (Sicily) and a pilot plant will be built in S Rossore (Tuscany).

Research on hydrogen will be carry out in Porto Marghera (Venice) and strong incentives will be given to promote micro-generation.

The use of carbon is part of this strategy tending to differentiate resources and we need to overcome any NIMBY approach to make sure that Italy has an appropriate and efficient energy supply network.

Other Analyses of the Same Source Article:
Coal companies prosper in the U.S. and Europe.
April 28, 2008, Author: Michael Lynch, Consultant, Michael E. Lynch

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