The third bank of Russia, OJSC – Gazprombank said it had recently acquired a 21.74% stake in the French Energie du Porcien alongside Akuo Energy.

The latter owns and operates two wind farms with a total capacity of 39 MW in France in the Ardennes and Champagne, where they had been successfully commissioned at the end of 2011.

As Akuo Energy SAS remains the majority shareholder of the company’s Energie du Porcien, the two entities are now considering a long term partnership in the renewable energy sector in Europe and Russia.

“The development of alternative energy and green projects in Russia represents a real opportunity for us. The stake in the company’s Energie du Porcien is our first experience of project development in renewable energy in Europe where the market has developed an active in the last 20 years, “said Wolfgang Skribot, Managing Director and Head of Department Direct Investment in Energy & Infrastructure at Gazprombank.

The stake in Energie du Porcien is the first investment of Gazprombank (OJSC) in the renewable energy sector in Europe.

Akuo Energy SAS is an independent French group that develops, constructs and operates power plants for energy production from renewable sources. Akuo Energy has a portfolio of 33 projects in operation for a total capacity of 435.2 MW and 100 projects under development, totaling 2,879.5 MW.

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