VPI Holding/Lumcloon Power, Shannonbridge Power & Derrycarney Solar
Transaction details
The proposed acquisition by the Vitol Group, through VPI Holding Limited, of indirect sole control of Lumcloon Power Limited, Shannonbridge Power Limited and Derrycarney Solar Limited has been cleared by the Competition and Consumer Protection Commission.
Case details
- Notification date:21 May 2023
- Publication date:22 May 2023
- Economic sector:Supply of electricity, gas & other - D
- Economic sub-sector:Energy & air conditioning supply - D.35
- Simplified merger:Yes
- Outcome:Cleared
Documents
M.23.022 Merger AnnouncementPDF | 134 KBM.23.022 Merger Announcement PDF | 134 KB - Opens in new window
M.23.022 DeterminationPDF | 213 KBM.23.022 Determination PDF | 213 KB - Opens in new window
Timetable
Parties Involved
VPI Holding Limited
VPI Holding Limited is ultimately owned and controlled by the Vitol Group.
The Vitol Group is a multinational energy and commodity-trading company with business activities worldwide. The Vitol Group’s business activities comprise the refining, storing, distribution and trade of mineral oils, biofuels and other mineral oil products; as well as energy trading, and ownership and operation of electricity generation assets.
Lumcloon Power Limited
Lumcloon Power Limited owns and operates a Battery Energy Storage System project at Lumcloon, County Offaly.
Shannonbridge Power Limited
Shannonbridge Power Limited owns and operates a Battery Energy Storage System project at Shannonbridge, County Offaly.
Derrycarney Solar Limited
Derrycarney Solar Limited owns the development rights in an early stage solar project, which is not yet operational, proposed to be located in County Offaly.
Contacts
David Sheahan davidsheahan@ccpc.ie
