Polaris Energy Featured in International Business Times

February 4, 2013
A Photovoltaic Operation in Italy

A Photovoltaic Operation in Italy; some rights reserved

The International Business Times has featured Polaris Energy, a Luxembourg private equity company, in an article detailing the company’s decision to concentrate on buying existing solar power plants following new legislation in Italy.

The Italian government, the world’s second largest photovoltaic market, offers a program that provides opportunities for investors to take advantage of the country’s photovoltaic market. As oil prices remain high and the Japanese tsunami disaster hampers nuclear energy production, the move provides investors a window to make plays in the solar market. With operations throughout Italy, Polaris Energy is “positioned at the forefront of the Italian photovoltaic market,” according to the article.

The company lets investors of all kinds take part. Groups can buy entire finished plants, while individual investors also can participate in ownership.

About Polaris Energy: Headed by tenured international managers, Polaris Energy focuses on acquiring solar power plants connected to the electrical grid. The company uses a Swiss banking program to maximize security for investors. 


Alternative Energy Resources: Photovoltaics

October 25, 2012

Polaris Energy

As technology progresses, scientists and engineers discover ever more efficient methods of creating sustainable alternative resources. Polaris Energy, a private equity firm based in Luxembourg, makes investments in green markets such as biofuels, wind power, geothermal energy, and photovoltaics.

One of the most recently developed methods of creating renewable energy, photovoltaics is the process of converting light into electricity at an atomic level. The method utilizes materials that exhibit a photoelectric effect, a property that causes the materials to absorb photons of light and release electrons; the photovoltaic process captures these free electrons, transferring them between different brands within the material, resulting in an electric current.

While the process only recently became a widely used power-generation technology, the first photovoltaic module was built by Bell Laboratories in 1954, after French physicist Edmund Bequerel discovered the photoelectric effect in 1839. The photovoltaic technology utilized today is based on the nature of light first described by Albert Einstein in 1905. The space programs of the 1960s helped advance the technology and reduce the cost of creating photovoltaic modules; its usefulness was further bolstered by the energy crisis of the 1970s.

The best known photovoltaic process involves using solar cells to convert sunlight into an electron flow. Because the electrical current is produced directly, solar cells can be used to recharge batteries or power electronic equipment for everything from satellites orbiting in space to cars, houses, parking meters, and emergency roadside telephones. Other uses for photovoltaics include powering essential tools in rural, “off the grid” areas in developing countries, such as Cuba and India, where many villages are often located too far from a major city to receive any of its electricity.

Photovoltaic production has been rising by more than 20 percent every year since 2002, making it the fastest growing energy technology in the world.


Polaris Energy

August 5, 2011
Offering renewable energy investment opportunities across the globe, Polaris Energy aims to create lucrative options for investors while supplying the world with green energy. Based in Luxembourg, Polaris Energy also operates out of offices in Milan, Italy. While Polaris Energy is constantly researching opportunities regarding wind turbines, ocean turbines, and geothermal generators, it has already started to purchase solar power plants throughout Italy.

With the second-highest photovoltaic output in the world, Italy proved an appropriate location for Polaris Energy to begin its operations. Through government support, Polaris Energy has secured a feed-in tariff (FIT), which obligates regional and national utility companies to pay a premium for energy derived from renewable sources. Polaris Energy has also received devoted support from various utility industry agencies, as well as the Italian private banking community financing all approved projects.

Led by Managing Directors Basil Barouki and Mario Delecce, Polaris Energy benefits from their extensive business experience. Basil Barouki, with a history of creating several web-based companies, possesses applicable skills in lending, financial services, and real estate. Mario Delecce is a seasoned international business manager with a history in finance, and he has worked for The Hong Kong and Shanghai Banking Corporation, Ltd., (HSBC); Wells Fargo; and Italian-based Banca Sella, SpA. Directors of Polaris Energy include Orkun Gulec, Sam Barouki, and Samuel Wilson.

Through a researched and thorough examination of renewable energy trends, Polaris Energy and its leadership team continue to seek prospective investments.


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