Lukerg set for Bulgaria wind growth

Lukerg Renew, the Vienna-based joint venture owned by Russian oil company Lukoil and Italian wind developer ERG Renew, has already bought two wind farms this year.

Lukerg Renew has become an important player in Eastern European wind

Lukerg Renew, the joint venture between Russian hydrocarbon giant Lukoil and Italian renewables developer ERG, has been cleared by Bulgaria’s competition watchdog to buy another four wind farms in the country.

No indication was given as to the size of the four projects – known as Globo Energy 1, Mark 1, Mark 2 and UP Bulgaria 4 – set in Bulgaria’s windy northwest along the Black Sea. But the involvement of Bulgaria’s Commission on Protection of Competition (KZK) would suggest they are significant.

Lukoil, Russia’s second largest oil company after Rosneft, already owns a thermal power plant and an oil refinery in Burgas, and it came under scrutiny earlier this year for alleged violations in accounting for the volumes passing through its Log in to read complete article.

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