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Energy Trader Mercuria Eyes 2GW of Renewables Projects With CWP

  • Planned developments in southeast Europe may cost $2.2 billion
  • Mercuria joins larger traders in pursuing green-energy deals

Power and gas trader Mercuria Energy Group Ltd. joined forces with CWP Global with a view to building 1.9 billion euros ($2.2 billion) of renewable energy projects.

The 50/50 joint venture with CWP Europe allows Mercuria to further its expansion in clean energy, after the Geneva-based firm pledged earlier this year to channel half of its investments into renewables by 2030. It joins rival commodity traders Vitol Group and Trafigura Group in broadening its focus as governments and consumers demand efforts to speed up the energy transition.