LUKErg Renew, a joint company (50%/50%) between Russia’s oil major Lukoil and Italy’s ERG Renew (part of ERG Group), has agreed to acquire a 40 MW operational wind power park from Raiffeisen Energy & Environment, Windpower Monthly informs. The transaction value is estimated at some EUR 52mn. The deal is to be closed by the end of June. The wind park is located near the northeast city of Dobrich and has been operational since 2009. Also, LUKErg Renew informs that it is evaluating other acquisitions and green-field investments in Bulgaria and Romania. LUKErg Renew was established in May 2011 to run wind and solar energy projects in Bulgaria and Romania and later in Ukraine and Russia. Lukoil is currently building a 1.25 MW solar power park near the southern Black Sea city of Burgas at the price of EUR 4mn, which should be completed by the end of this year. Lukoil owns the country’s oil refinery in Burgas Lukoil Neftochim and the petrol retailer Lukoil Bulgaria.