The Competition Council approved the transaction by which Enery Power Holding takes over the companies Power L.I.V.E. ONE, Rott Energy, Zagra Hidro, Corabia Solar, Holrom Renewable Energy and East Wind Farm, according to a press release from the Competition Council.
Enery Power Holding GmbH is an Austrian holding company active in the renewable energy sector, which acquires, develops, builds and operates renewable energy plants in Central and Eastern Europe.
Power L.I.V.E. ONE, Rott Energy, Zagra Hidro, Corabia Solar, Holrom Renewable Energy and East Wind Farm operate in Romania in the field of renewable energy, with production capacities consisting of wind farms, photovoltaic parks and hydroelectric plants located in different areas of the country.
Following the analysis, the Competition Council found that this operation does not raise significant obstacles to effective competition on the Romanian market or on a substantial part of it and that there are no serious doubts regarding its compatibility with a normal competitive environment.