(SeeNews) – Jul 5, 2011 – The European Commission has given the green light to the acquisition of joint control by Italian renewable energy company ERG Renew (BIT:EGR) and Russia's Lukoil-Ecoenergo of a newly-created company that would operate in the generation and wholesale supply of electricity from renewable sources in Romania, Bulgaria, Ukraine and Russia, the EU regulator said Tuesday in its Midday Express online service.