Italy: ERG expands in France

12/10/2017 13:34 Wind

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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 (13.12.2017): European power prices hit contract peaks on Tuesday, after a blast at an Austrian gas hub

13/12/2017 11:32:00

Oil prices declined sharply on Tuesday, as traders took profits after prices increased tto a two-year peak on an unscheduled closure of the pipeline that carries the largest North Sea crude oil grade. Brent crude settled down $1.35, or 2.1 percent, at $63.34 a barrel. U.S. crude ended at $57.14 a barrel, or 1.5 percent lower.

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Notice signed to continue contracts to build four VVER-1200 units at the El Dabaa nuclear plant

12/12/2017 16:34:00

Rosatom Director General Alexey Likhachov and Egypt's Minister of Electricity and Renewable Energy Mohamed Shaker agreed to proceed with contracts for the construction of four VVER-1200 units at the El Dabaa nuclear power site.

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Baltic Pipe gas pipeline might obtain final approval in late 2018

12/12/2017 14:40:00

The final investment decision (FID) for the natural gas pipeline project between Denmark and Poland, the Baltic Pipe, might be taken no later than December 2018.

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