December 7 (SeeNews) - The European Commission (EC) said on Wednesday it has approved the acquisition of joint control of the 25 MW Portuguese offshore wind farm project, Windplus, by Spanish Repsol NE, EDP Renewables (FRA: EDW), UK CGE and DGE,as well as Netherland’s Trustwind BV.
The EC said that the transaction will not have a negative impact on the competition within the European market because of its "negligible actual and foreseen activities".
The Windplus joint venture has been set up to develop an innovative floating wind farm off the Portuguese coast. It will be the first commercial electricity generating facility to integrate wind turbines with semi-submersible floating platforms.
The joint venture owners are all from the energy sector - CGE and DGE produce electricity in Europe for engineering companies Chiyoda and Mitsubishi. EDP Renewables is a subsidiary of Portuguese utility EDP. Trustwind manages the wind energy assets of a joint venture between French utility Engie and the Japanese conglomerate Marubeni.