CELEX: 32021M10274
Language: en
Date: 2021-08-12 00:00:00
Title: Commission Decision of 12/08/2021 declaring a concentration to be compatible with the common market (Case No COMP/M.10274 - EDFR / LUMANI / GLD) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                 Brussels, 12.08.2021
                                                                 C(2021) 6078 final
                                                                                 PUBLIC VERSION
                                                                 EDF Renouvelables France
                                                                 Coeur Défense – Tour B
                                                                 100, esplanade du Général de Gaulle
                                                                 92932 Paris La Défense Cedex
                                                                 France
                                                                 Lumani Energy Limited
                                                                 Ropemaker Place
                                                                 28 Ropemaker Street
                                                                 EC2Y 9HD London
                                                                 United Kingdom
Subject:        Case M.10274 — EDFR/Lumani/GLD
                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 20 July 2021, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which the
        undertakings EDF Renouvelables France (“EDFR”, France), belonging to the group
        Électricité de France SA (“EDF Group”, France), and Lumani Energy Limited
        (“Lumani”, UK), belonging to the group Green Investment Group Limited (“Green
        Investment Group”, UK), ultimately controlled by Macquarie Group, Australia,
        acquire within the meaning of Article 3(1)(b) and 3(4)of the Merger Regulation joint
        control over the whole of the undertaking Green Lighthouse Développement (“GLD”,
        France) by way of purchase of shares.3
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 301, 28.07.2021, p. 4.
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-MERGER-REGISTRY@ec.europa.eu.
 ---pagebreak--- 2. The business activities of the undertakings concerned are:
       for EDFR: develops, builds and operates clean energy power plants, mainly for its
        own account, in France. EDFR’s activities cover the entire renewable energy
        chain, from development to operation and maintenance,
       for Lumani: Lumani is an indirect subsidiary of Green Investment Group, which
        is a specialist in green infrastructure principal investment, project development
        and delivery, green impact advisory and the management of portfolio assets.
        Green Investment Group is part of the Macquarie Group, a diversified financial
        group providing clients with asset management and finance, banking, advisory
        and risk and capital solutions across debt, equity and commodities,
       for GLD: is a solar developer focused on large-scale agrivoltaic projects in
        France. More specifically, GLD develops projects aimed at constructing various
        solar energy production facilities on agricultural land with a view of selling these
        production facilities post-construction to investors such as producers of electricity
        (including but not limited to EDFR), institutional investors, investment funds and
        insurance companies. GLD is currently solely controlled by Lumani.
3. After examination 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 Agreement. 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.
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