New Joint Venture of ERG Renew and Lukoil authorised by European Commission

The European Commission gave green light for the acquisition of joint control by ERG Renew of Italy and OOO Lukoil Ecoenergo of Russia of a newly created company constituting a joint venture – JV CO – by way of purchase of shares. ERG Renew operates in the generation and wholesale supply of electricity from renewable sources, mainly in the wind sector.

Lukoil Ecoenergo is active in the renewable energy sector. JV CO will operate in the generation and wholesale supply of electricity from renewable sources in Romania, Bulgaria, Ukraine and Russia.

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