French Total notifies Competition of the purchase of the Novoenergia

The purchase by the French Total of Novoenergia, one of the largest national producers of renewable energy, was notified to the Competition Authority on Monday, according to a published notice.

[dropcap type=”background”]T[/dropcap]he merger consists of the acquisition by Total Eren of sole control over Novenergia Holding Company, a company belonging to a group of Portuguese and foreign companies producing electricity from renewable energy sources.

Total Eren is a company jointly controlled by the Eren Group and the Total Group of the renewable energy sector and active in the field of solar and wind energy.

Novenergia – which has as its non-executive president the former Secretary of State for the Environment Carlos Pimenta – owns the renewable energy company Generg, which in 2005 won the largest national wind farm tender launched by the government of José Sócrates and built 48 parks with an installed capacity of 1,200 MW.