BRUSSELS, June 10 (EUROPE PRESS) –
The European Commission has given Repsol and Telefónica the green light this Friday to create a company for the development of the photovoltaic self-consumption business, concluding that the operation will not have a negative impact on the European economic space or a substantial part of it.
After its examination, the Community Executive has concluded that the acquisition notified by the Spanish companies does not raise competition problems because the overlaps that may occur will be “limited” and because there will continue to be strong competitors in the market.
The file, which was notified to Brussels on May 13, has been studied under the simplified procedure that is applied to less problematic cases, as indicated by the community institution itself in a statement.
The objective of the new company will be to offer a comprehensive self-consumption solution to private clients, neighborhood communities and companies, both SMEs and large companies, through the installation of solar panels, according to the two companies in a joint statement announcing the project on last March.
