Lukerg Renew Purchases 52 Million-Euro Wind Farm in Bulgaria

LUKERG Renew, a joint venture between Italy’s ERG SpA (ERG) and OAO Lukoil, agreed to buy a 40 megawatt wind farm near the city of Dobrich in northern Bulgaria for 52 million euros ($69 million).

LUKERG Renew will control some 10 percent of the Bulgarian wind market after the transaction, signed with a unit Raiffeisen Bank International AG (RBI), LUKERG said on its website.

To contact the reporter on this story: Elizabeth Konstantinova in Sofia at ekonstantino@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

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