Competition and Markets Authority investigates OVO-SSE merger
The Competition and Markets Authority (CMA) has launched an inquiry into Ovo’s GBP500 million (US$644.7 million) purchase of SSE’s energy supply division.
SSE’s retail energy business supplies around 3.5 million households in the UK.
The regulator is considering whether the move would result in a substantial lessening of competition in the UK energy market.
The CMA is inviting comments from interested parties until 6th November 2019.
Country updates
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October 28, 2019
The Carlyle Group raises EUR6.4 bn for Carlyle Europe Partners V
Global investment firm The Carlyle Group has raised EUR6.4 billion (US$7.09 billion) for its latest Carlyle Europe Partners fund, exceeding its target by almost EUR1.0 billion (US$1.11 billion). In to...
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October 28, 2019
MIRA buys additional 10% stake in 576 MW Gwynt y Mor offshore wind project off the coast of North Wales
Macquarie Infrastructure and Real Assets (MIRA) has reached an agreement with Siemens AG to acquire an additional 10% stake in Gwynt y Môr Offshore Wind Farm in the United Kingdom. Gwynt y M&oc...
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October 25, 2019
Worley concludes 3sun Group takeover
Worley has completed the 100% stake acquisition of 3sun Group Ltd, a UK-based recognised offshore wind installation, inspection and maintenance business. The transaction has been completed for a total...
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October 25, 2019
TRIG acquires entire stake of 25 MW Little Raith Wind Farm in Fife
The Renewables Infrastructure Group (TRIG) has acquired a 100% interest in Little Raith Wind Farm, a 25 MW operational wind farm located in Fife, Scotland. Little Raith was acquired from local develop...
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October 25, 2019
Amazon to offtake power from 265 MW of new wind, solar projects
Amazon’s newest renewable energy project in Europe will be the largest corporate wind power purchase agreement (PPA) in the UK, located on the Kintyre Peninsula, Scotland. Once complete, the new...
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