#52026M12410EU review of TotalEnergies and Masdar renewable energy joint venture
AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.
The EU is reviewing a planned joint venture between TotalEnergies and Masdar for large-scale renewable energy projects. The new company would develop, finance, build, operate and maintain utility-scale solar, onshore wind and battery storage projects in several non-EU markets, including Azerbaijan, Indonesia, Japan, Kazakhstan, Malaysia, the Philippines, Singapore, South Korea and Uzbekistan. The case is being considered for the EU’s simplified merger review process, which usually applies when competition concerns appear limited. Companies active in renewable energy, power generation, storage, project finance and infrastructure should watch the review, but the notice does not impose new compliance duties by itself.
AI-generated summary. May contain errors. Refer to official sources for legal decisions.
Key Changes
- The European Commission has received notice of TotalEnergies and Masdar’s planned joint venture.
- The joint venture would focus on utility-scale solar, onshore wind and battery storage projects in selected Asian and Eurasian markets.
- The transaction is a candidate for simplified EU merger review, suggesting limited competition concerns at this stage.