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In early July, the Competition Council (KP) allowed AS Enefit Green to acquire a decisive influence over AS Nelja Energia by acquiring its 100% stake. The license is given because the merger will not significantly reduce competition in the relevant market, informs CP.
The two parties to the merger are registered in Estonia and, indirectly, in Latvia, own and operate biombad cogeneration plants that produce heat and electricity – Enefit Green belongs to Enefit Power and Heat Valka and Nelja Energia belongs to
Enefit Green is part of the company "Eesti Energia", a state-owned Estonian public energy company.
The activities of the two companies in Latvia overlap in the market for the production and wholesale of electricity. During the study, the KP concluded that the electricity market and the wholesale market is limited and that the owners of the company "Nelja Energia" will not be submerged by the areas of electricity. supply of heat from cogeneration plants.
The KP concludes that the merger will not significantly change the structure of the electricity generation market and wholesale markets in Latvia, the competition will not diminish significantly,
will not develop not or will not be strengthened The dominance of the market on the affected market
The LETA agency indicates that Eesti Energia announced at the end of May that she had signed a contract for 100% capital Nelja Energia acquisition of shares with its owners – owners of the Norwegian group Vardar Eurus and minority shares. Including the group Vardar Eurus sold its 77% stake in Nelja Energia. Enefit Green will take over Nelja Energia 's loans for a total of 204 million euros by the end of last year
Enefit Green owns four wind farms with a total capacity of 111 megawatts. , three cogeneration plants in Estonia and Latvia, as well as a hydroelectric plant and a solar power station. In turn, "Nelja Energia" has wind farms in Estonia and Lithuania – the total electricity generation capacity of 17 wind farms is 287 megawatts. "Nelja Energia" also holds a minority stake in two Estonian biogas cogeneration plants, as well as a pellet plant and cogeneration plants in Latvia.
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