COAL, OIL & GAS
German energy in Russia
German energy company E.ON has started building two 400 megawatt turbines at a power station in Khanty-Mansiisk, Russia, which when completed will be the largest electricity station in the world. The construction is part of an $821.8m investment program which E.ON plans to carry out at its newly acquired Russian company, OGK-4, by the end of 2011.
Saxony gets solar power
Austrian solar energy company Intico Solar has announced that it plans to invest $954.53m in the east German federal state of Saxony-Anhalt. The company is to build a factory in Halle to manufacture thin-film solar modules which could provide up to 1000 jobs.
FOOD & TOBACCO
Meat plant for Russia
Germany’s biggest meat processing company Toennis plans to open a meat factory in Belgorod, Russia. The $311m plant will process two million pigs annually and create 200 jobs.
Tus’s supermarket move
Slovenian food company Tus is to invest $793m in Macedonia to build 20 supermarkets in all the major cities. The company has just opened its second supermarket in Kumanovo, the republic’s third largest city.
Wind farm at sea for Germany
US-based Blackstone Group, an investment and advisory firm, has formed a partnership with Windland Energieerzeugungs to complete the $1.5bn development and construction of Meerwind, a wind farm project in Germany. The project, which will be located 80 kilometres off the northern coast of Germany, will comprise 80 wind turbines with a combined generation capacity of 400 megawatts. When completed, the wind farm will generate about 1.6 billion kilowatt hours annually, which has the capacity to supply 500,000 households with electricity.
Hilltop turbines in Macedonia
Tel Aviv-based energy investment company EIG plans to invest $564m in wind farms around Sveti Nikole, in Macedonia. EIG will build 97 wind turbines on three hills, with an overall capacity of 200 megawatts of electrical power. Construction is expected to begin in six months.
$900m for Kiev Airport City
Austrian companies Asamer and Maculan Holding are investing in a new development in Ukraine called Kiev Airport City. Together with Ukrainian DEOL Partners, the firms will invest a total of $941.2m in the construction of two hotels, 134,300 sq m of office space, 14,400 square metres of retail space and parking facilities. The project is due for completion in 2012.
This investment news and data has been generated by fDi Markets, a crossborder investment tracking service that is part of the Financial Times Ltd's fDi Intelligence division www.fdiintelligence.com
Europe FDI, 2008 (number of jobs)