Acasă » General Interest » Competition authorizes GIP Gutenberg’s takeover of wpd offshore project companies

Competition authorizes GIP Gutenberg’s takeover of wpd offshore project companies

27 September 2022
General Interest
Bogdan Tudorache

The Competition Council authorized, from the point of view of national security, the transaction by which GIP Gutenberg GmbH acquires the company wpd offshore Gmbh and, implicitly, wpd offshore Black Sea 1 S.R.L., wpd offshore Black Sea 2 S.R.L. and wpd offshore Romania S.R.L., the authority announced.

“wpd sold only the offshore division, while wpd Romania and the onshore wind and PV pipeline remain with wpd”, company sources told Energynomics.

“wpd Romania remains an important part of the German wpd group. The sale of the offshore wind division represents a very good opportunity for us to continue our expansion and accelerate our investments here. Meanwhile, our ambitions have grown, we have reached a pipeline of 1.6GW, which includes projects in advanced stages of development. The transaction gives us the opportunity to carry out these projects much more easily. The transaction between wpd AG and GIP is limited only to the offshore division (which includes the 1.9GW in the Black Sea)”, added the cited sources.

GIP Gutenberg GmbH in Germany is controlled by investment funds from the United States of America. GIP invests in the energy, transport, water and waste infrastructure market.

The sold companies were established to develop wind farms in the Black Sea, in accordance with the legal provisions that establish the rights to initiate and run offshore projects, Competition Council officials say.

Autor: Bogdan Tudorache

Active in the economic and business press for the past 26 years, Bogdan graduated Law and then attended intensive courses in Economics and Business English. He went up to the position of editor-in-chief since 2006 and has provided management and editorial policy for numerous economic publications dedicated especially to the community of foreign investors in Romania. From 2003 to 2013 he was active mainly in the financial-banking sector. He started freelancing for Energynomics in 2013, notable for his advanced knowledge of markets, business communities and a mature editorial style, both in Romanian and English.


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