Case details

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Merger control
Case reference
CCENT/2005/60 - ENERNOVA/ BOLORES/ ENERALTIUS/ LEVANTE/ CABEÇO DAS PEDRAS/ MALHADIZES
Acquired
Bolores - Energia Eólica, S.A.
Description
an undertaking that operates the wind farms Bolores and Mosteiro, which, together, represent an installed capacity of 14.3 MW. It is also developing the wind farm Bolores Wind Farm Phase 2, with a capacity of 1.3 MW, to be installed by December 2006 under the terms of the turn-key contract being signed by Bolores and Tecneira, which will bring the total capacity to 15.6 MW;
Acquired
Cabeço das Pedras - Energia Eólica, S.A.
Description
an undertaking that has still not commenced its activity; it will develop the wind farm known as Cabeço das Pedras, which represents a capacity of 8 MW, to be installed by January 2007;
Acquired
Eneraltius - Produção de Energia Eléctrica, S.A.
Description
an undertaking that operates the wind farms Caldas 1, Amaral 1 and Fanhões 1, which, together, represent an installed capacity of 32 MW. It is also developing the wind farm Fanhões 2, which has an installed capacity of 2 MW, with an additional capacity of 4 MW under construction, to be installed by February 2006 under the terms of the turn-key contract being signed by Eneraltius and Tecneira, which will bring the total capacity to 38 MW;
Acquiring
Enernova - Novas Energias, S.A.
Description
an undertaking set up in 1993 and 100% owned by the undertaking EDP -Energias de Portugal SA; it is mainly engaged in the operation of wind farms and the sale of electrical energy produced from wind power sources;
Acquired
Levante - Energia Eólica, Lda
Description
an undertaking that has still not commenced its activity; it will develop the wind farms known as Pó, Sobral II and Arruda I, which, together, represent a capacity of 29.1 MW, to be installed by April 2006;
Acquired
Malhadizes - Energia Eólica, S.A.
Description
an undertaking that is in the process of being incorporated; it will develop the wind farms known as São João I (Malhadizes) and São João II (Monte de Vez), which, together, represent a capacity of 30 MW, to be installed by January 2007.
Sector
  • Energy and Fuels
Activity (NACE)
  • D35 - Electricity, gas, steam, cold and hot water and cold air
Applicable legislation
Art. 9(1)(a) (Law 18)
Notification thresholds
Market share
Type of merger
Horizontal
Cooperation with sector regulators
  • ERSE - Regulatory Authority for Energy Services
Status
Closed
Type of Investigation
Phase 1
AdC’s decision
Case description
Notified on 7 October 2005, this merger consists of the acquisition from the undertaking Tecneira - Tecnologias Energéticas SA ("Tecneira"), by the undertaking Enernova - Novas Energias SA (Enernova), of the total registered capital of the undertakings Bolores - Energia Eólica SA ("Bolores") and Eneraltius - Produção de Energia Eléctrica SA ("Eneraltius"), and further consists of the promise of the acquisition, from Tecneira, of the shareholdings representing the registered capital of the undertakings Levante - Energia Eólica Lda ("Levante"), Cabeço das Pedras - Energia Eólica SA - ("Cabeço das Pedras") and Malhadizes - Energia Eólica SA ("Malhadizes").
Timeline
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