Italian energy company ERG Group is at present predominately an oil and gas operation – but like many of its competitors, it wants a bigger piece of the green energy action. Perhaps emerging Europe is the place to look?
In its €500m 2013-15 investment plans announced on Wednesday, ERG outlined a shift in priorities towards growing its wind power activities. and it is seeking expansion in the Romanian and Bulgarian markets. Both offer attractive investment opportunities thanks to state support, but how long will that last?