EU Commission approves DIF, GIG and Covanta's joint control over 69 MW waste-to-energy facility in Dublin
The European Commission has approved, under the EU Merger Regulation, the proposed acquisition of joint control over Covanta Europe Assets Limited (the Dublin Waste-to-Energy Facility) of Ireland by DIF Infra UK Limited of the Netherlands, Green Investment Group Investments Limited (GIG) of the UK and Covanta Holding 3 UK Limited of the US.
DIF is an infrastructure investment fund. GIG specialises in green energy principal investment, project delivery and portfolio management and related services. Covanta is primarily involved in the waste disposal and energy sectors.
The project can accommodate up to 600,000 metric tonnes per year of waste producing a total power capacity of 69.1 MW. It generates clean renewable energy to supply 80,000 homes. The facility has been in operation since November 24, 2017.
The Commission concluded that the proposed transaction would not be subject to overlap between companies. The transaction was examined under the simplified merger review procedure.
