Approval of acquisition of 100 % capital of Enel Green Power Bulgaria was granted to Swiss-based MET Renewables, said the Bulgarian Commission for the Protection of Competition (CPC). The statement from the regulator said that through this deal MET Renewables will acquire an indirect interest in Enel Green Power Bulgaria’s 14 fully-owned subsidiaries which operate wind turbines with a total installed capacity of 42 MW. However, it would not have anti-competitive effects as the parties to the deal do not have a dominant position or significant market power in any of the respective vertically connected markets.
Furthermore, the planned transaction would not result in competitive advantages for Enel Green Power Bulgaria and its units in terms of services related to electricity balancing, as access to these services is not restricted and takes place in a competitive environment.
Enel Green Power Bulgaria, a subsidiary of Italian Enel Green Power, operates 14 wind turbines with a total capacity of 42 MW though 14 fully-owned subsidiaries. The wind turbines are a part of two wind farms on the Black Sea coast – Shabla and Kamen Bryag, each with 21 MW installed capacity. The acquisition is part of MET’s growth strategy to develop a significant renewable portfolio in the region of Central and Eastern Europe.