Lukerg Renew, a 50/50 joint venture of Italy's ERG Renew and LUKOIL Ecoenergo, through its subsidiary LUKERG Bulgaria, have signed a €10.6 million loan agreement to partially finance the acquisition of the 40 MW Hrabrovo wind farm in Bulgaria.
Raiffeisen Bank International is the financing entity. The financing period is five years, according to a written statement from the companies.