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.

Gas pipeline project is one of top priority projects for EU – Minister Joe Mizzi

12/10/2018 09:29:00

The Malta-Sicily gas pipeline is one of the top priority projects for the EU as it aims at ending Malta’s gas isolation, said Minister for Energy and Water Management Joe Mizzi during the World Energy Summit currently being held in Milan, Italy.


Fortum JV bolsters Russian regional ties

12/10/2018 09:19:00

Finnish energy company Fortum and local partner Rusnano have signed a cooperation agreement with the government of Kalmykia to build up to 450MW of wind power in the Russian region.


Daily (11.10.2018): WTI crude dropped by 2.4% on Wednesday as forecasts for lower economic growth curbed the demand for oil

11/10/2018 11:01:00

Oil crude prices slipped on Wednesday as the International Monetary Fund (IMF) mitigated its global growth projections in its latest World Economic Outlook report, reducing the demand for oil. However, the losses were capped as Hurricane Michael led to the shutdown of roughly 40% of Gulf of Mexico’s crude oil production. Brent crude closed at $83.09 a barrel, representing a 2.3% loss. WTI crude tumbled by 2.4% to settle at $73.17 a barrel.