Italy: ERG expands in France

12/10/2017 13:34 Wind


ERG Eolienne France inked a deal to purchase a 75% interest in two French wind farms with a total capacity of 16.25MW from the local firm Vent d'Est for €12.9 million.

The wind farms are the 12MW Voie Sacree which has been running since 2007, and the 4.25MW Epense facility, functional since 2005.

The remaining 25% is possessed by Renvico France, according to ERG.


The deal which is likely to be completed by the end of this year aims to boost ERG ’s capacity to 270MW in France.

ERG and Vent d'Est decided to cooperate as well in the development of new projects in France totaling 300MW.

Daily (17.07.2018): Brent crude price slumped by more than 4% on Monday, as Libyan ports relaunched

17/07/2018 12:01:00

Oil prices plummeted on Monday, as ports in Libya resumed their activity and traders count on a boost in supply from Russia and other producers. Brent crude tumbled by 4.6% to $71.84 a barrel, its lowest level since the middle of April. Meanwhile, WTI crude slumped by 4.2% to end at $68.06 a barrel.


Ireland becomes world’s first nation to divest from fossil fuels

17/07/2018 09:53:00

Ireland has voted to become the first country in the world to divest from fossil fuels.


Gazprom to commence development of Kharasaveyskoye field in 2019

17/07/2018 09:23:00

Russian firm Gazprom is planning to commence the full-scale development of the Kharasaveyskoye field located north of Bovanenkovskoye in the Yamal Peninsula, in 2019.