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Sofia Seeks More Project Perks

Sofia Seeks More Project Perks

Bulgaria will demand economic benefits from Moscow before confirming its commitment to Russian-backed major energy projects, Economy and Energy Minister Traicho Traikov said yesterday. Traikov will also tell Russian Energy Minister Sergei Shmatko, who is due to visit Sofia tomorrow, that Bulgaria’s participation in Russian projects should fit in the European Union’s plans to boost security of supplies.

Solar MW capacity doubled

Solar MW capacity doubled

The installed capacity of solar energy systems in Greece more than doubled within just seven months by July, according to the Renewable Energy Sources Center. The combined electricity output from the installed units reached 29.8 mega-watts in July from just 14 MW in January, thanks to legislative initiatives of the last few years aimed at boosting the market’s development, said Yiannis Vouyiouklakis, head of the center’s development section. He was addressing a conference titled “Photovoltaic Systems in Greece.”

EU awaiting post-election update

EU awaiting post-election update

As election talk remained mainly focused on the economy, the European Commission reminded Greece yesterday that regardless of who wins the most votes, the country needs to meet upcoming obligations to Brussels or face the consequences.

Papandreou’s plan to revive the economy

Papandreou’s plan to revive the economy

PASOK leader George Papandreou took to the stage at the Thessaloniki International Fair this weekend and set out his immediate plans for the country should his party win the general elections in three weeks’ time, insisting that the Socialists have the political will the current New Democracy government lacks to push through the changes.

Hywind: Siemens and StatoilHydro Install First Floating Wind Turbine

Hywind: Siemens and StatoilHydro Install First Floating Wind Turbine

StatoilHydro and Siemens installed the world’s first large-scale floating wind turbine. The turbine is located approximately 12 km south east of Karmøy in Norway at a water depth of about 220 meters. The Hywind project was developed by StatoilHydro, and Siemens supplied the SWT-2.3 MW wind turbine with a rotor diameter of 82 meters

Siemens introduces New 3.6-megawatt Wind Turbine Featuring a 120 Meter Rotor Diameter

Siemens introduces New 3.6-megawatt Wind Turbine Featuring a 120 Meter Rotor Diameter

Today, Siemens announced the release of a new 3.6-megawatt (MW) wind turbine featuring a 120 meter rotor diameter. The SWT-3.6-120 turbine is based on the proven technology of the SWT-3.6-107 – the world’s most popular offshore wind turbine. The new machine will be equipped with 58.5 meter long rotor blades. The turbine has a swept area of 11,300 square meters.

Russia Hydropower Accident Blamed On Safety Failures

Russia Hydropower Accident Blamed On Safety Failures

Russia's industrial safety watchdog, Rostekhbadzor, said Monday that last month's accident at a Siberian hydroelectric power station was caused by failures in safety and working procedures, Russian news agency RIA Novosti reports on its Web site.

Gazprom: GDF Suez To Take 9% Stake In Nord Stream By October

Gazprom: GDF Suez To Take 9% Stake In Nord Stream By October

French energy company GDF Suez SA (GSZ.FR) will become a shareholder in the OAO Gazprom (GAZP.RS)-led Nord Stream gas pipeline project by October, Gazprom's Deputy Chief Executive Alexander Medvedev said Monday.

Iran, World Powers To Talk On October 1

Iran, World Powers To Talk On October 1

Iran and six world powers have agreed to hold talks on the Islamic republic's latest package of proposals concerning its nuclear programme Oct. 1, both sides said Monday.

Russias Putin Wants To Repeat Opel-Style Deals

Russia's Putin Wants To Repeat Opel-Style Deals

Russian Prime Minister Vladimir Putin wants his country's engagement in the rescue of automaker Adam Opel GmbH to be the first of many large-scale cooperation projects with Europe, the newspaper Handelsblatt reported Monday.

Russia Pays $1B For Oil Exploration In Venezuela

Russia Pays $1B For Oil Exploration In Venezuela

A Russian consortium has paid $1 billion to Venezuela to assure participation in exploiting the Orinoco oil fields, among the world's largest, officials said Sunday.

Poland May Ask For EU Help In Gas Talks With Russia

Poland May Ask For EU Help In Gas Talks With Russia

The Polish government may ask the European Commission to help negotiate additional natural gas deliveries with Russia, Polish daily Rzeczpospolita reported Monday.

Russian Delegation Comes to Sofia Over Energy Projects, at Sept 17

Russian Delegation Comes to Sofia Over Energy Projects, at Sept 17

A high-ranking Russian delegation is going to arrive in Sofia for discussions of the three large-scale joint Bulgarian-Russian energy projects. The delegation will include Energy Minister, Sergey Shmatko, and the head of the state-owned nuclear energy corporation Rossatom, Sergei Kiriyenko, the Bulgarian National Television reported

Banks NordStream Loan Pitches Due Early Oct

Banks' NordStream Loan Pitches Due Early Oct

Banks have been given until early October to submit their proposals to participate in the EUR3.9 billion financing for the Nord Stream gas pipeline project out of Russia, said people familiar with the situation Friday.