Lukoil to develop renewable energy projects in Bulgaria and Romania

Russia's oil giant Lukoil intends to develop wind and solar power plants in Bulgaria and Romania, Vasily Zubakin, deputy head of the company's main energy division, said as quoted by news agency Ria Novosti.The projects are part of Lukoil's strategy to enter the renewable energy business, he said.As Russia has no mechanism to support alternative energy sources, Lukoil plans to direct such investments abroad, according to Zubakin.The company expects to wrap up plans for the new ...

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