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  • Iran is building a EUR1.3 billion ($1.55 billion) export gas pipeline to Europe. The project is expected to be complete in 2013.
  • Investment in the energy industry is expected to shift to private investors and away from utilities as power production becomes more and more decentralized and focused on renewables, according to the European Renewable Energy Council.
  • Indian power giant Reliance Industries is believed to be in talks with U.S.-based engineering company Bechtel for a collaboration on a nuclear venture.
  • A union and DTE Energy have tentatively reached an agreement for a new contract, after the former one expired Sunday.
  • Private equity firms are planning more investments in renewables within the next year, particularly on-shore wind.
  • RWE Innogy, utility Stadtwerke München and Siemens have formed a joint venture to finance the 576 MW Gwynt y Môr offshore wind farm off the coast of Wales in Liverpool Bay.
  • China spent $34.6 billion on renewable energy projects last year, nearly double the investment by the U.S., reports Ernst & Young.
  • Iberdrola Ingenieria has been awarded a contract to build a $99 million, 228 MW wind farm at Piedra Larga in Oaxaca, Mexico.
  • In an effort to plug a growing budget deficit, the Polish government is moving ahead with an initial public offering from Tauron Polska Energia.
  • Idaho-based renewables company Sunergy World and the city of Boise have agreed to build a $45 million, 10 MW solar plant at a brownfield site near the Boise Airport.