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Italy's ERG to Build Wind Farm in Poland

Posted by May 15, 2014

Italian energy group ERG said on Thursday its renewable energy unit ERG Renew had agreed to buy the Polish company EW Orneta 2 to build a wind farm in Poland.
 


In a statement ERG said it would invest around 65 million euros ($89 million) in the project - an amount which includes the 7.2 million-euro enterprise value paid for the company.
 


EW Orneta has the permits to build a 42 megawatt wind farm in Poland, it said.



($1 = 0.7294 Euros)

(Reporting by Stephen Jewkes, editing by Danilo Masoni)

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