Commission européenne, DG COMP MERGER REGISTRY, 1049 Bruxelles, BELGIQUE  
Europese Commissie, DG COMP MERG ER REGISTRY, 1049 Brussel,  BELGIË 
 Tel: +32 229-91111. Fax: +32 229-64301. E-mail: COMP-MERGER-REGISTRY@ec.europa.eu . 
  EUROPEAN COMMISSION 
Brussels,5.12.2017 
C(2017) 8388 final 
 
 
 
To the notifying parties 
Subject: Case M.8727 – CGE / EDPR / TRUSTWIND / DGE / REPSOL / WINDPLUS 
Commission decision pursuant to Articl e 6(1)(b) of Council Regulation (EC) 
No 139/20041 and Article 57 of the Agreemen t on the European Economic Area2  
Dear Sir or Madam, 
1. On 13 November 2017, the European Commissi on received notifica tion of a proposed 
concentration pursuant to Article 4 of the Merger Regulation by which the following 
undertakings: 
 Chiyoda Generating Europe Limited ("CG E", the United Kingdom) , belonging to the 
Chiyoda Corporation (Japan),  
 EDP Renewables, SGPS, S.A. ("EDPR", Port ugal), belonging to Energias de Portugal 
("EDP", Portugal),  
 Trustwind B.V. (the Netherlands), contro lled by Engie S.A. ("Engie", France) and 
Marubeni Corporation (" Marubeni", Japan),  
 Diamond Generating Europe Limited ("DGE ", the United Kingdom), belonging to 
Mitsubishi Corporation (Japan), 
 Repsol Nuevas Energias S.A. (Spain),  belonging to Repsol S.A. (Spain) 
acquire within the meaning of Article 3(1)(b ) and Article 3(4) of the Merger Regulation 
joint control over the whole of the undertak ing Windplus S.A. (Portugal) by way of 
shareholders' agreement.3 
                                                 
1 OJ L 24, 29.1.2004, p. 1 (the 'Mer ger Regulation'). With effect from  1 December 2009, the Treaty on the 
Functioning of the European Union ('TFEU') has intr oduced certain changes, su ch as the replacement of 
'Community' by 'Union' and 'common market' by 'interna l market'. The terminology of the TFEU will be used 
throughout this decision.  
2  OJ L 1, 3.1.1994, p. 3 (the 'EEA Agreement'). 
PUBLIC VERSION 
2 2. The business activities of the undertakings concerned are: 
 CGE functions as the power generation busin ess in Europe for Ch iyoda Corporation, a 
Japanese engineering company; 
 EDPR is active in the generation of renewa ble energy and is ulti mately controlled by 
EDP, a utility company active in the genera tion, distribution and s upply of electricity 
in Portugal and Spain; 
 Trustwind B.V. manages the wind power assets  of TrustEnergy B.V. which is a joint 
venture between Engie, a global energy play er, and Marubeni, an integrated trading 
and investment business conglomerate; 
 DGE functions as the power generation business in i.a. the EEA for the Mitsubishi 
Corporation, a global integr ated business enterprise; 
 Repsol Nuevas Energias S.A. develops a business related to renewable energy and 
belongs to Repsol S.A., an integrated en ergy company in the oil and gas industry; 
 Windplus S.A. will develop an offshore wind project and be activ e in the generation 
and wholesale supply of el ectricity in Portugal. 
3. After examination of the notification, the European Commission ha s concluded that the 
notified operation falls within th e scope of the Merger Regulati on and of paragraph 5(a) of 
the Commission Notice on a simplified procedure for treatment of certain concentrations 
under Council Regulation (EC) No 139/2004.4  
 
4. For the reasons set out in the Notice on a simp lified procedure, the European Commission 
has decided not to oppose the notified operati on and to declare it compatible with the 
internal market and with the EEA Agreement. This decision is adopted in application of 
Article 6(1)(b) of the Merger Regulati on and Article 57 of the EEA Agreement. 
For the Commission 
 
(signed) Johannes LAITENBERGER 
Director-General 
                                                                                                                                                             
3  Publication in the Official Journal of the European Union No C 391 , 18.11.2017, p. 7. 
4  OJ C 366, 14.12.2013, p. 5.