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Russia Willing to Buy Belene Nuclear Plant from Bulgaria

Russia Willing to Buy Belene Nuclear Plant from Bulgaria

Russia is interested in buying all or part of the share of the Bulgarian government at the planned nuclear power plant in Bulgaria's Belene. This has been announced by Russia's Energy Minister, Sergei Shmatko, as quoted by the RBK Daily, Wednesday, just a day before he is to arrive to Sofia for talks with his Bulgarian counterpart, Traicho Traikov, over the Bulgaria-Russia energy projects

Israel To Strike Iran If No Sanctions

Israel To Strike Iran If No Sanctions

Israel will attack Iran if the U.S. fails to impose effective new sanctions over its nuclear program, a former Israeli deputy defense minister said Tuesday.

EDF CEO: Confirms Interest In South Stream Pipeline

EDF CEO: Confirms Interest In South Stream Pipeline

French utility Electricite de France's (EDF.FR) chairman and chief executive, Pierre Gadonneix, said Wednesday the company is in talks about joining the South Stream gas pipeline project, led by Russian state-controlled gas giant OAO Gazprom(GAZP.RS).

Russia Seeks Foreign Energy Partners For Arctic Projects

Russia Seeks Foreign Energy Partners For Arctic Projects

Russia wants foreign companies to help develop vast offshore hydrocarbon resources in the Arctic and is preparing economic incentives to stimulate exploration in the region, the country's deputy resources minister, Sergey Donskoi, said Wednesday.

Shah Deniz 2009 Output Forecast Lowered To 7.2 BCM

Shah Deniz 2009 Output Forecast Lowered To 7.2 BCM

Production at the BP PLC (BP)-led Shah Deniz field in the Caspian offshore will total 7.2 billion cubic meters this year, down from an earlier forecast of 7.5 billion, an official at Azerbaijan's state oil company said Wednesday.

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.