Invest in Bulgaria - The Preferred Partner of Investors Seeking Opportunities in Bulgaria
GUGUSHEV & PARTNERS is among the leaders on the Bulgarian legal market Comprehensive Organization of MBA and EMBA Study Trips in Bulgaria
FDI in Bulgaria (13)
Health (4)
Macroeconomic Data (49)
Business (361)
Investments (155)
Infrastructure (97)
Financial (126)
Economy (350)
Construction (14)
Politics (62)
Real Estate (27)
Interesting Facts (24)
Sports (10)
Software and Information Technology (28)
Real Estate (56)
Tourism (112)
Waste Management (9)
Automotive (23)
Electronics (3)
General (81)
Renewable Energy (66)
Agriculture (22)
Construction (90)
Food and Beverage (20)
Textile (2)

Lukoil, ERG Pay EUR 52 M for Bulgarian Wind Park
Date: 01/07/2012
Lukoil, ERG Pay EUR 52 M for Bulgarian Wind Park

LUKERG Renew, a joint venture between Italy's ERG SpA (ERG) and Russia's OAO Lukoil, completed the acquisition of a wind park in Northeastern Bulgaria.

Thus, Lukoil and ERG SpA have paid EUR 52 M for the 40 MW wind farm near the city of Dobrich in Bulgaria, the Moscow- based company said.

LUKERG Renew controls some 10% of the Bulgarian wind market after the buying the wind park, which was built in 2009, it said. Lukoil also owns Bulgaria's biggest refinery Lukoil Neftochim Burgas.

In March 2012, Bulgaria's Competition Protection Commission permitted LUKERG Renew, a joint venture of Russian Lukoil and Italian ERG Renew, to buy three smallwind parks near the northern Bulgarian Black Sea town of Kavarna.

Vienna-registered LUKERG Renew, a 50-50 joint venture of LUKOIL-Ecoenergo (a 100% owned subsidiary of РћРђРћ LUKOIL) and Italian ERG Renew, was created in end-May 2011.

The company was to acquire Wind Park Kavarna East, Wind Park Kavarna West and K&S Energy.

"The participants in the concentration control insignificant production capacities, meaning that they are not among the main players on this market at the current stage," the anti-trust watchdog said in a statement.

The wind farms with a capacity of 14 MW are owned by Raiffeisen Energy & Environment GmbH and are part of a park with 40 MW of installed capacity.

Lukoil is a main player on the fuel market in Bulgaria through the Lukoil Neftochimrefinery in Burgas and the Lukoil chain of filling stations.

Topic: Investments

Featured District
Invest Bulgaria Charts
Real GDP Growth of Bulgaria
Real GDP Growth of Bulgaria

Consumer Price Index of Bulgaria (annual change)
Consumer Price Index of Bulgaria (annual change)

See all charts
Did You Know?
Bulgarian Wine
Bulgarian Wine
Bulgaria has been in the wine business for over 1200 years. The taste and quality of the Bulgarian ... More

Vasil Levski national stadium - one of Bulgarias biggest sport sites - is located in the center of Sofia. Reconstructed in 2002, it has 43,632 seats and is eligible to host UEFA cup final matches.

Intelligence Pathways - Outsource your Business, Competitive Intelligence or Back Office to Bulgaria

Bulgaria Translation - Full service Bulgarian Translation company

© Copyright 2004-2020 Invest Bulgaria Group Ltd, Sofia, Bulgaria. All rights reserved.

Please read Conditions of Use, Copyright Statement and Privacy Policy for this web page and web site.

SEO оптимизация Bulgaria Translation Bulgarian Agriculture Bulgarian Textile Sofia Web Works Bulgarian Coins Intelligence Pathways Bulgarian Outsourcing

Crafted by Sofia Web Works. Maintained by Website Maintenance, the kings of Website Migration.

Our Featured Members