Brussels, 17 August 2023
The European Commission has approved, under the EU Merger Regulation, the acquisition of joint control of Enel Green Power Australia of Australia by INPEX Corporation (‘INPEX’) of Japan and Enel Green Power S.p.A. (‘EGP’) of Italy.
Enel Green Power Australia invests in renewable energy projects, providing an end-to-end renewables platform that develops and operates projects, as well as energy retail and trading. INPEX is active in research, exploration, development, production and sales of oil, natural gas, and other minerals. EGP operates worldwide in the production and selling of energy from renewable sources.
The Commission concluded that the proposed acquisition would raise no competition concerns, given that Enel Green Power Australia does not have any activities within the European Economic Area. The transaction was examined under the simplified merger review procedure.
More information is available on the Commission’s competition website, in the public case register under the case number M.11205.
Source – EU Commission