Italy Saying Goodbye to Nuclear? Prime Future for Renewables

MILAN, June 15, 2011 -

Yesterday, fallout from the March Fukushima nuclear plant leak
reached into Italian government policy, as it now appears likely
there will not be a renewed thrust toward the controversial power
source anytime soon.

Premier Silvio Berlusconi was direct when he said, “We must
probably say goodbye to the possibility of nuclear power stations
and we must strongly commit ourselves to renewable energy.”

The Fukushima tragedy may signal the tipping point of worldwide
nuclear power construction. Dating back to the 1979 Three Mile
Island meltdown in the U.S. and the Russian Chernobyl disaster of
1986, nuclear energy has been noted primarily for its waste storage
issues, expense, and potential for disaster, rather than any
overriding benefits. Added to the 2010 BP oil disaster in the Gulf
of Mexico, fossil and nuclear fuels face an uncertain future.

Berlusconi’s statement, coupled with the href="www.pewenvironment.org/news-room/other-resources/investing-in-clean-power-329295">
Pew Environmental Group Report from March 29^th
should provide a strong measure of comfort to investors in Italy
and around the world who have been considering green technology
strategies with their portfolios. Pew’’s research indicates that in
2010, world investment in the clean energy sector increased to $243
billion, representing a 30% growth rate over the previous year.

One green tech multinational to keep an eye on is href="www.polarisenergy.com/">Polaris Energy, a private
equity company based in Luxembourg. Polaris is now focusing its
efforts on the acquisition of fully operational, ground-based solar
power plants due to the phasing out of Italian government
incentives for new construction. The company will soon target
rooftop solar, as there is no such expiration of incentives for
smaller projects that typically are installed on the roof of a
business or home.

It would appear the questions surrounding green energy are more
related to “when” than “if” with respect to their viability and
potential for profit. Polaris projects nearly 20% return on
investment given recent trends. Firmly established in Italy, the
private equity company is moving forward with plans to commence
operations in the United States and China yet this year.

Please visit  href="www.polarisenergy.com/energy-investment/">www.polarisenergy.com/energy-investment/

For more details please contact:

Basil Barouki
Polaris Energy 
href="mailto:info@polarisenergy.com">info@polarisenergy.com 

+39-027729-7535

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