Friday, June 2 2023 Sign In   |    Register

News Quick Search



Front Page
Power News
Today's News
Yesterday's News
Week of May 29
Week of May 22
Week of May 15
Week of May 08
Week of May 01
By Topic
By News Partner
Gas News
News Customization


Pro Plus(+)

Add on products to your professional subscription.
  • Energy Archive News

    Home > News > Power News > News Article

    Share by Email E-mail Printer Friendly Print

    EC clears Taiwanese wind business acquisition by Macquarie, wpd

    March 23, 2023 - SeeNews Renewables


      March 23 (Renewables Now) - German renewables developer wpd AG and Australia’s Macquarie Group Ltd (ASX:MQG) have received the European Commission’s nod to take joint control over a number of Taiwanese onshore wind assets.

      The planned deal was approved by the Commission on Tuesday, which reviewed the proposal under the simplified merger review procedure. Its decision states that the transaction would not raise any competition concerns as the target companies are not operating within the European Economic Area.

      wpd and Macquarie are seeking to acquire Luwei Wind Power Co Ltd and its fully-owned unit Chiwei Wind Power Co Ltd, along with Chungwei Wind Power Co Ltd, Tongwei Wind Power Co Ltd, Chinfeng Wind Power Co Ltd, and Anwei Wind Power Co Ltd. All of them operate onshore wind farms in Taiwan and are engaged in the provision of electricity.

      The buyers approached the EC to review the acquisition plan in February.


    Other Articles - International


       Home  -  Feedback  -  Contact Us  -  Safe Sender  -  About Energy Central   
    Copyright © 1996-2023 by CyberTech, Inc. All rights reserved.
    Energy Central® and Energy Central Professional® are registered trademarks of CyberTech, Incorporated. Data and information is provided for informational purposes only, and is not intended for trading purposes. CyberTech does not warrant that the information or services of Energy Central will meet any specific requirements; nor will it be error free or uninterrupted; nor shall CyberTech be liable for any indirect, incidental or consequential damages (including lost data, information or profits) sustained or incurred in connection with the use of, operation of, or inability to use Energy Central. Other terms of use may apply. Membership information is confidential and subject to our privacy agreement.