Commission européenne, DG COMP MERGER REGISTRY, 1049 Bruxelles, BELGIQUE  
Europese Commissie, DG COMP MERGER REGISTRY, 1049 Brussel,   BELGIË  
 
Tel: +32 229 -91111. Fax: +32 229 -64301. E -mail: COMP -MERG ER-REGISTRY@ec.europa.eu . 
  EUROPEAN COMMISSION  
Brussels,  11.08.2022   
C(2022 ) 5937 final  
PUBLIC VERSION  
SSE Thermal Generation Holdings Limited  
One Forbury Place  
43 Forbury Road  
Reading RG1 3JH  
United Kingdom  
 
Equinor New Energy Limited  
One, Kingdom Street  
London, W2 6BD  
United Kingdom  
Subject : Case M. 10836  – EQUINOR  / SSE / TRITON POWER  
Commission decision pursuant to Article 6(1)(b) of Council Regulation 
(EC) No 139/20041 and Article 57 of the Agreement on the European 
Economic Area2  
Dear Sir or Madam,  
1. On 19 July 2022 , the European Commission received notification of a proposed 
concentration pursuant to Article 4 of the Merger Regulation , by which : the 
undertaking s SSE Thermal Generation Holdings Limited (“SSE Thermal”) (United 
Kingdom) , and Equinor New Energy Limited (“Equinor”) (United Kingdom), a 
subsidiary of Equinor ASA (Norway) , will acquire within the meaning of Article 
3(1)(b)  of the Merger Regulation joint control over the whole of the undertaking 
Triton Power Ho ldings Limited (“Triton Power”) (Jersey), currently ultimately 
controlled by Energy Capital Partners (Unites Stated)  by way of purchase of shares .3 
2. The business activities of the undertakings concerned  are the following : 
 SSE Thermal owns and operates conventional thermal generation plants in the 
United Kingdom and Ireland. SSE Thermal is part of the SSE Group, which 
develops, builds, operates and invests in low carbon electricity infrastructure. SSE 
                                                 
1 OJ L 24, 29.1.2004, p. 1 ( the ‘Merger Regulation ’). With effect from 1 December 2009,  the Treaty on 
the Functioning of the European Union ( ‘TFEU ’) has introduced certain changes, such as the 
replacement of ‘Community ’ by ‘Union ’ and ‘common market ’ by ‘internal market ’. The terminology 
of the TFEU will be used throughout this decision.  
2  OJ L 1, 3.1.1994, p.  3 (the ‘EEA Agreement ’). 
3  Publication in the Official Journal of the European Union No C 287, 28.7.2022, p. 83. 

2 Group has a strategic f ocus on renewable energy and regulated electricity 
networks across its core business segments: Renewables, Distribution and 
Transmission,  
 Equinor is a wholly owned subsidiary of Equinor ASA. Equinor ASA is an 
international energy company headquartered in S tavanger, Norway, whose 
business activities consist principally of worldwide exploration, production, 
transportation, refining and marketing of petroleum and petroleum -derived 
products, gas and other forms of energy, including renewable energy,  
 Triton Powe r is a private independent electricity power generating company. It 
operates three facilities in the United Kingdom that provide a mixture of national 
grid network services, electrical energy and cogeneration supply to industrial 
customers . 
3. After examinati on of the notification, the European Commission has concluded that 
the notified operation falls within the scope of the Merger  Regulation  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 simplified procedure, the European 
Commission has decided not to oppose the notified operation and to declare it 
compatible with the internal market and with the EEA Agreemen t. This decision is 
adopted in application of Article 6(1)(b) of the Merger  Regulation  and Article 57 of 
the EEA Agreement . 
For the Commission  
 
 
(Signed)  
Olivier GUERSENT  
Director -General  
                                                 
4  OJ C 366, 14.12.2013, p. 5 .