Prior notification of a concentration (Case M.11560 – GIP / ORSTED / SOUTHFORK WIND / REVOLUTION WIND) – Candidate case for simplified procedure
Date: 2024-05-24
Institutions: Directorate-General for Competition, European Commission
Subjects: economic concentration, electrical energy, energy production, investment company, merger control, offshore wind energy production








C_202403368EN.000101.fmx.xml












Official Journal of the European Union


EN
C series













C/2024/3368


24.5.2024






Prior notification of a concentration
(Case M.11560 – GIP / ORSTED / SOUTHFORK WIND / REVOLUTION WIND)
Candidate case for simplified procedure
(Text with EEA relevance)
(C/2024/3368)


1.   
On 13 May 2024, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1).
This notification concerns the following undertakings:






—


GIP IV Whale Fund Holdings, L.P. (‘GIP’, United States),










—


Orsted A/S (‘Orsted’ Denmark),










—


South Fork Wind, LLC (‘South Fork Wind’, United States), jointly controlled by Eversource Energy (‘Eversource’, United States) and Orsted,










—


Revolution Wind, LLC (‘Revolution Wind’, United States), jointly controlled by Eversource and Orsted.




GIP and Orsted will acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of South Fork Wind and Revolution Wind.
The concentration is accomplished by way of purchase of shares.


2.   
The business activities of the undertakings concerned are the following:






—


GIP is a global infrastructure fund primarily focused on investing in transportation, energy, waste, water, and digital infrastructure sectors,










—


Orsted is a multinational energy company, primarily engaged in the development, construction and operation of offshore wind farms across Europe, the Americas and Asia-Pacific.






3.   

South Fork Wind and Revolution Wind are two offshore wind projects under developments, located in the United States, which will exclusively serve customers in North America.



4.   
On preliminary examination, the Commission finds that the notified transaction could fall within the scope of the Merger Regulation. However, the final decision on this point is reserved.
Pursuant to the Commission Notice on a simplified treatment for certain concentrations under Council Regulation (EC) No 139/2004 on the control of concentrations between undertakings (2) it should be noted that this case is a candidate for treatment under the procedure set out in the Notice.


5.   
The Commission invites interested third parties to submit their possible observations on the proposed operation to the Commission.
Observations must reach the Commission not later than 10 days following the date of this publication. The following reference should always be specified:
M.11560 – GIP / ORSTED / SOUTHFORK WIND / REVOLUTION WIND
Observations can be sent to the Commission by email or by post. Please use the contact details below:
Email: COMP-MERGER-REGISTRY@ec.europa.eu

Postal address:





European Commission




Directorate-General for Competition




Merger Registry




1049 Bruxelles/Brussel




BELGIQUE/BELGIË







(1)  
            OJ L 24, 29.1.2004, p. 1 (the ‘Merger Regulation’).

(2)  
            OJ C 160, 5.5.2023, p. 1.


ELI: http://data.europa.eu/eli/C/2024/3368/oj
ISSN 1977-091X (electronic edition)