Windfarms receive JV owners

The European Commission has approved, under the EU Merger Regulation, the restructuring of ownership over two offshore wind farms in Belgian waters, known as Seastar and Mermaid.

The proposed transaction entails the creation of a joint venture between Otary RS NV of Belgium, the Eneco group of the Netherlands, through Eneco Wind Belgium N.V., and the Engie group of France, through Electrabel NV.

Otary is active in the development, construction and operation of offshore wind projects. Eneco is engaged in the production of electricity from sustainable sources and in the supply of electricity and gas.

Electrabel is active at all stages of the electricity and natural gas value chain in the Benelux region, as part of the worldwide energy group Engie.

The Commission concluded that the proposed transaction would raise no competition concerns in particular because of the pre-existing ownership rights of the companies over the wind farm concessions in question and the existence of other similar projects either under development or for which new concessions have been announced. The transaction was examined under the normal merger review procedure.

Seastar is a 246MW offshore wind farm in Belgian waters, it will consist of 29, 8MW turbines, Mermaid is an offshore wind farm almost identical, it has the same capcity supplied by the same type of turbines. The model to be used on the arrays is the SG-8.0-167DD turbine.

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