M/23/022 – 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.
| Notification date | Decision date |
|---|---|
| Monday May 22, 2023 | Friday, June 9, 2023 |
| Parties Involved | Business activities |
|---|---|
| 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. The Vitol Group's primary activities in the State comprise developing a project to build a new Open Cycle Gas Turbine power plant in County Westmeath, as part of a joint venture, as well as the trading of crude oil and jet kerosene. |
| 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. |
| Economic sector | Media merger |
|---|---|
| Energy and Utilities | No |
| Submissions from third parties due by: | |
|---|---|
| Phase 1 | Phase 2 |
| Tuesday, June 6, 2023 | |
| Current status: Completed |
|---|
| Cleared (Phase 1) |
| Authorised Officer Assigned | Contact Details |
|---|---|
| David Sheahan | Email: davidsheahan@ccpc.ie Phone: 086 084 9318 |
Media enquiries: communications@ccpc.ie
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PO Box 12585, Dublin 1, D01 C576
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