Romania: Natural gas prices...

On 10 February, natural gas prices on Romania's day-ahead market, operated by the...

Romania: Tuzla-Podisor gas pipeline...

The inauguration of the Tuzla-Podisor gas pipeline marks a significant milestone, with nearly...

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Greece, Motor Oil has completed the acquisition of renewable energy business of construction group Ellaktor

The Vardinogiannis Group, which controls oil refiner Motor Oil, has completed the acquisition of renewable energy business of construction group Ellaktor .

Namely, a 75 % of Ellaktor’s RES division was transferred to the ownership of Anemos Holdings, a subsidiary of Motor Oil Renewable Energy in which Ellaktor holds a 25 % stake, at a price of 671.5 million euros.

Ellaktor’s RES portfolio currently stands at 493 MW in operation, in addition to a series of projects under construction with a total capacity in excess of 1.6 GW.

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