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UpSolar Completes 1.5 MW Solar Electric System in Kozani Greece

UpSolar Completes 1.5 MW Solar Electric System in Kozani Greece

Upsolar, an international provider of solar PV modules, announced the completion of a 1.5 MW solar electric system in Kozani, capital of the West Macedonia region in Greece. This marks the first installation in the region completed by Upsolar's Project Development Department.

Egypt Receives $3 Billion Deposit From Qatar

Egypt Receives $3 Billion Deposit From Qatar

Egypt's cash-strapped government received Thursday a $3 billion deposit from Qatar that will eventually go toward its dwindling foreign-currency reserves, a top central-bank official said Sunday.

Bulgarian Election Preliminary Results Show No Strong Mandate

Bulgarian Election Preliminary Results Show No Strong Mandate

Preliminary results of parliamentary elections held here Sunday indicated that neither of the two leading parties garnered a strong mandate to govern Bulgaria or build a lasting coalition, an outcome likely to prolong the period of political instability in the European Union's poorest member.

Iran Presses For Cut in OPEC Production

Iran Presses For Cut in OPEC Production

Iran will press OPEC to agree a cut in production in order to raise global crude prices when it meets this month, a position that sets it in opposition to other delegates from the Persian Gulf region who don't believe such a move is necessary.

Bulgaria Reviews the Restrictions Placed on the Production of Renewable Energy

Bulgaria Reviews the Restrictions Placed on the Production of Renewable Energy

Caretaker Deputy Prime Minister Ekaterina Zaharieva has ordered Asen Vasilev, caretaker Minister of Economy, Energy and Tourism, to demand an inspection whether the restrictions on the production of renewable energy imposed by the Electricity System Operator (ESO) are in line with Bulgarian and EU law.

New Feed-in Tariffs for Photovoltaics in Greece

New Feed-in Tariffs for Photovoltaics in Greece

The Greek Energy ministry announced today new tariffs for photovoltaics, which will be applied retroactively to p/v rooftop systems installed from February onwards. New tariffs apply to both mounted and rooftop systems after the 1st of June.

Arabs Ask U.S. to Lead on Syria

Arabs Ask U.S. to Lead on Syria

The U.S.'s closest Arab allies are pressing President Barack Obama to take the lead in bridging the Middle East's divisions over Syria, traveling to Washington to drive home their fears some of the region's leaders are strengthening radicals and prolonging President Bashar al-Assad's rule.

Romania January-March Power Output Down 7.7% On Year

Romania January-March Power Output Down 7.7% On Year

Romanian energy output decreased 7.7% on the year to 5.44 million tons of oil equivalent in the first quarter, hurt by falling production in the thermal and nuclear sectors, official data showed Friday, news agency Mediafax reports.

Eni CEO Expects Unrest to Remain in Post-Gadhafi Libya

Eni CEO Expects Unrest to Remain in Post-Gadhafi Libya

Eni SpA (E), Italy's biggest energy company by market value, expects unrest to remain in hydrocarbon-rich Libya following the civil war that ousted Col. Muammar Gadhafi in 2011, said Chief Executive Paolo Scaroni Friday, adding he's optimistic that eventually the situation will improve as the North African country embraces democracy.

Eni CEO Open to Looking at Saipem Exit But Not in a Hurry

Eni CEO Open to Looking at Saipem Exit But Not in a Hurry

Eni SpA (E) Chief Executive Paolo Scaroni Friday said Italy's biggest energy company by market value is open to assessing its options regarding its controlling stake in oil services company Saipem SpA (SPM.MI), which is being investigated for possible corruption in Algeria, but he ruled out buying out Saipem's minority shareholders and added that he is in no hurry.

Shale Gas Could Curb Gazprom Prices - EU Commissioner

Shale Gas Could Curb Gazprom Prices - EU Commissioner

The development of shale gas in Europe could help the continent obtain better deals from its current key supplier, the Russian giant Gazprom, E.U. Energy Commissioner Guenther Oettinger said on Friday.