Market Analysis - Power Energy 2020
Rome is in the Lazio region of central Italy on the Tiber River. Rome is the national capital of Italy and is the seat of the Italian Government. Rome was also ranked in 2014 as 32nd in the Global Cities Index, being the highest-ranking city in Italy. Rome is a nationwide and major international Centre for higher education, containing numerous academies, colleges and universities. It boasts a large variety of academies and colleges, and has always been a major worldwide intellectual and educational Centre, especially during Ancient Rome and the Renaissance, along with Florence. According to the City Brands Index, Rome is considered the world's second most historically, educationally and culturally interesting and beautiful city. Being the capital city of Italy, Rome hosts all the principal institutions of the nation. Rome enjoys a Mediterranean climate with cool, humid winters and warm, dry summers.
Rome was called the “Eternal City” by the ancient Romans because they believed that no matter what happened in the rest of the world, the city of Rome would always remain standing. Exploring the city centre by foot surrounded by glorious monuments and colossal remains takes you back in time to the “glory that was Rome”.
Italy is known for its architecture, great food, amazing landscapes, and beautiful cities such as Rome was built 753 BC and was the capital of the Roman Empire during its reign over the European Continent. Nowadays, Rome is one of the most visited cities in Italy and the world.
Scope and importance
Many people admit that power and influence is the same thing. We accomplished in our reading this week that this is not the case. Power is the capacity to principle change, produce effects on others or potentially influence others. Power is the operation of a relationship because it applies not only to the leader, but also to the followers and the situation.
Power and Energy is essential for modern society to function well. Renewable power production and new energy saving appliance are undergoing a fast development action to deal with environmental subject like global warming. In the subsequent, civilization will be forced to research and develop substitute energy sources. The need for non-polluting energy systems like wind power and the use of electric cars for transportation, in order to weaken CO2 emissions and establish a cleaner environment.
Key elements of the region’s energy infrastructure are dated and demand replacement within the next decade. Indeed, the age of South east Europe power plants which were insufficiently maintained in the 1990s, have high carbon intensity and lack diversity in power supply is now creating serious technical and political challenges. The strong exploitation of emission-intensive indigenous lignite resources will have to be reconciled with national climate responsibility and local air pollution improvement. The urgent need for widespread rehabilitation and replacement of the aging infrastructure, connected with a high import dependency, may, however, open doors for investment in renewable energy generation. Since the early 2000s, electricity demand has grown slightly in Italy, mostly due to the electrification of the industrial sector.
In all the economies of the region, a balanced or slightly increasing energy demand is also predicted in energy strategies. Hydropower is the most deployed technology in terms of equipped capacity, with 35% of total installed capacity, followed by solid fossil fuels (hard coal and lignite) with 32%, nuclear with 12%, and onshore wind with 8%. In 2018, 213 terawatt hours (TWh) of electricity were generated in Italy After taking into account the smuggle balance, the self-consumption of power plants, transmission and distribution losses, 168 TWh were available for final energy consumption. The most applicable sources for power generation were solid fossil fuel, mainly lignite (44%), hydropower (22%) and nuclear (16%).
Between 2012 and 2018, as well as between 2000 and 2010, Energy Consumption in Italy experienced stable growth rates. The residential sector is the largest consumer, with a 32% share of by 2016, and produces a significant opportunity to achieve energy savings (REN21/UNECE, 2015). Energy consumption in the transport sector rose energetically, reaching 30% of consumption in 2017. Cumulatively, the industrial, transport and residential sectors accounted for 87% of that year. Bioenergy is the most common form of renewable energy used by ultimate consumers, mainly in residential heating.
RENEWABLE ENERGY POTENTIAL AND COSTS
The region’s power generation profile has been significantly construct by large hydropower plants, while heating needs have mainly been covered by the large biomass endowment. The overall predicated unexploited potential for renewable energy is still substantial, however. This section analyse that potential and the costs of the renewable energy technologies in the region, with the exception of biomass, for which a isolated chapter is dedicated.
RENEWABLE ENERGY INVESTMENT
During the period 2001-2018, South east Europe benefitted from USD 20.7 billion in renewable energy investment, excluding investment in large hydropower projects. Based on reveal transactions only, an estimated 94% of investment went to power-sector projects, while about 5% went to the transport sector and 1% to the heat sector (BNEF, 2019).
Regional investment increase between 2001 and 2012, going from USD 31 million in 2001 to a peak of more than USD 3.7 billion in 2012. The period from 2013 to 2016 saw a sharp contraction in annual investment, which dropped to USD 157 million in 2016. Investment in the region has recovered in the last two years: in 2018, although trends in 2017 and 2018 seemed to suggest that renewable energy investment in South east Europe was expanding again, the size of the market makes it dependent on a few large deals that regulate the overall landscape in the region.
Fossil fuels are the most natural source of electrical energy in Italy, computing for 72.7% of the result production in 2016. Of these, natural gas is the predominant source; it accounts for 59.5% of the total power composed using fossil fuels. The total electricity produced by natural gas was 173 TWh in 2014. Coal (21.6%), petroleum, (4.3%), other gases (2%), and other solid combustibles (biomass, waste, bitumen, and others, 12.2%), supply smaller percentages to the total management
Italy is the world's 14th largest producer of hydroelectric power, with a total of 41,456 GWh produced in 2016. Energy from hydro accounted for about 18% of the national production in 2015, with hydroelectric plants located mainly in the Alps and the Apennines. From the beginning of the 20th century to the 1950s, hydroelectric power accounted for the majority of generated power, but as energy needs expanded approaching the 21st century that percentage discarded significantly.
Italy ranks among the largest manufacture of electricity from solar power, which assumed for around 11% of the total electric consumption in the country in 2015.The equipped photovoltaic capacity, compared to the previous year, has tripled in 2010 and almost quadrupled in 2011 reaching 12,750 MW. This was a result of strong economic encouragement towards renewable energy development.
Cost of Electricity
Italy has one of Europe's highest concluding electricity prices. Inappropriate, unlike all other countries, price per kWh tends to be lower for lower consumption levels. This policy aspiration at encouraging energy saving .Higher final prices are also a consequence of the expanded use of natural gas, which is more expensive than other fossil fuels, and the expenses from renewable energy incentives, which is normal to reach a total expenditure of more than €10 billion in 2016.
Major companies associated with power and energy
- Politecnico di Milano
- Scuola Normale Superiore di Pisa
- Sapienza University of Rome
- Università di Padova
- University of Milan
- University of Pisa
- University of Trento
- University of Naples - Federico II
- University of Florence
- University of Turin
We warmly invites all the participants from all over the world to attend the “4th International Conference on Power and Energy” (Power Energy 2020) at Rome, Italy during December 1st - 2nd, 2020. The most interesting things happen at edges and boundaries, and so the aim of the conference is to demonstrate and examine different approaches in innovative power and energy.
We gladly welcome all the guests around the world for the hearing of the foremost recent innovations and inventions in the field of power and energy. This Conference will provide a place for the exchange of ideas and glimpse by leading scientists, researchers and also from the academicians around the globe. There will be many outstanding keynote speakers and well known leading scientists and experts from various places of the globe to share their ideas and talk about various aspects related to the field of power energy. Our aim is to gather peer researchers, engineers, young scientists, academicians & industrialists to meet, discuss and share the ideas related to it and the knowledge that’s still more to be revealed. The conference will reveal the present and future aspects in the field of power and energy.