Macquarie fund, wpd looking to jointly buy Taiwanese wind power cos

German renewables developer wpd AG and a fund associated with Macquarie Group Ltd (ASX:MQG) and its Green Investment Group (GIG) seek to take joint control over a number of Taiwanese onshore wind assets.

The European Commission (EC) revealed this on Thursday after being notified of the proposed transactions a day earlier.

A document published by the EU competition watchdog shows that wpd and Macquarie GIG Renewable Energy Fund 2 SCSP (MGREF2) are looking to obtain clearance for the acquisition of Luwei Wind Power Co Ltd and its fully-owned unit Chiwei Wind Power Co Ltd, along with Chungwei Wind Power Co Ltd, Tongwei Wind Power Co Ltd, Chinfeng Wind Power Co Ltd, and Anwei Wind Power Co Ltd.

The document indicates that the targeted firms are engaged in the provision of electricity in Taiwan.

The EC has to make a decision on the matter by March 29, 2023.

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