RENEWABLES SECTOR EMERGES BLOODY, YET UNBOWED, FROM EUROPE’S RECESSION
July 5th, 2014
As Europe seems to be stepping out of its long recession, the renewables sector seems to be coming out stronger, despite its reliance in government subsidies. Even in crisis hit Greece, it was a renewable energy company that provided the Athens Stock Exchange with its first IPO since the debt crisis began in 2009. Eltech Anemos, a unit of Greece's biggest construction group Ellaktor, sold all the 20.67 million shares it was offering, albeit at a low price of around EUR1.70 – netting the company EUR35.1 million.Chief Operating Officer Theodor Sietis said ...
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