PRZOOM - /newswire/ -
Beverly, MA, United States, 2009/07/09 - The July issue of Energy Digital magazine found on EnergyDigital.com is the definitive picture of the energy industry, profiling Italian Association AssoCarboni, HTX Minerals and other leading edge companies.
Governments across the globe are going green, with 20-30% of their total energy generation expected to come from renewable energy over the next decade. But it remains to be seen which low carbon sector will emerge a winner in the growing demand for clean technologies such as biofuels, wind power, solar and fuel cells. In the July issue of Energy Digital magazine, found on EnergyDigital.com, The Sun God explores the future of solar, a hotly contested sector that is predicted to grow at an annual rate of 27% to reach $70 billion in 2012, up from $21 billion in 2007. But according to research firm Lux Research, it could also be reaching a tipping point.
Quotes from the article:
• Senior Analyst Ted Sullivan of Lux Research: “We project that the supply of solar modules will exceed demand in 2009, leading to falling prices and a shake-out among companies that aren’t prepared to thrive in this new environment – particularly crystalline silicon players that haven’t invested in new thin-film technologies.”
• CEO Tom Werner of solar panel manufacturer SunPower Corp: “We have six weeks of positive trend.” And yet he also adds that the lack of financing resulting from the economic downturn, combined with a reduction in solar tax breaks have led to a flood of solar panels in the market, driving prices down and hurting producers’ profits.
In South Africa’s Power Crisis, Energy Digital magazine looks at what the largest economy in Africa will do to address the rolling blackouts crippling the nation. Jeannot Boussoughouth, energy analyst at Frost & Sullivan, says the energy crisis is a financial issue, attributing the exceptional economic growth in recent years, a lack of investments in energy generation and low electricity tariffs to the ongoing power outages. But there is hope: Eskom, South Africa’s state owned utility company that is responsible for distributing approximately 60% of the total electricity in the country, has created a five-year, three-phase stabilization and recovery plan.
Energy Digital magazine keeps its international focus in this month’s exclusive Q&A. The magazine catches up with Andrea Clavarino, Chairman of AssoCarboni, an Italian Association representing over 90 companies. In the interview, Clavarino opens up about Italy’s need to diversify its energy mix, citing a dangerous imbalance in how Italy gets its energy and natural gas.
Andrea Clavarino on Italy’s energy future:
• “We are facing a big challenge. Presently, Italy is 60% dependent on electricity production by natural gas – one of the most expensive fuels. This is quite a challenge because no other energy mix in the world is so unbalanced towards gas. This is why electricity bills in Italy are on average 50 percent higher than in other countries in Europe.”
• “There has been large investments in the environment and clean coal technologies have amounted to $7 billion Euros to date. What I find amazing is that we have leading clean coal technology in Italy. If Italy increases its coal share to 20% as to be more aligned with the 33% share of most European countries, we have the technology to keep coal clean.
Rounding out the latest issue of Energy Digital magazine are profiles of global energy companies, including HTX Minerals and its implementation of advanced computer technology to uncover new copper, nickel and platinum targets in the northern Ontario terrain.
To get more from the magazine that brings you the latest news and trends in global energy, sign up for EnergyDigital.com’s newsletters and get your free subscription to Energy Digital magazine.
EnergyDigital.com is a pioneering digital media site exploring energy issues and opportunities facing top executives, with daily, intelligent news, as well as rich and entertaining monthly content via the Energy Digital Magazine. EnergyDigital.com meets a previously unmet demand for busy, top-level energy executives, who can find pertinent business news, sector-driven articles, exclusive interviews, and digital tools and resources all in one place. In just two short years, EnergyDigital.com has offices in Boston, San Diego, Toronto and Norwich, UK, as it aims to build one of the largest global marketplaces for B2B executives.
Entrepreneur Glen White founded EnergyDigital.com in January 2007.