Disclaimer :

The Competition DG makes the information provided by the notifying parties in section 1.2 of Form CO available to the public in order to increase transparency. This information has been prepared by the notifying parties under their sole responsibility, and its content in no way prejudges the view the Commission may take of the planned operation. Nor can the Commission be held responsible for any incorrect or misleading information contained therein.

SECTION 1.2

Description of the concentration

On 21 September 2020, the European Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (the “EUMR”) by which funds managed by ECP ControlCo, LLC (“ECP”) and First Sen- tier Investors (US) Infrastructure GP LLC (“FSI”) acquire, within the meaning of Article 3(1)(b), (4) of the Merger Regulation, joint control over Terra-Gen Power Holdings II, LLC (“TG”) a joint venture established in the United States by way of a direct purchase by FSI of 40% of the equity shares in TG sold by funds managed by ECP, which will retain 60% of the equity shares in TG (“the Proposed Transaction”).

The primary business activities of the undertakings concerned are:

-- For TG: operating and developing utility-scale renewable and clean energy assets. TG operates wind, solar, and geothermal facilities in the western United States.

-- For ECP: investing in existing and new-build energy infrastructure projects principally in North America. ECP’s portfolio consists of investments in five areas of focus: traditional power generation, renewable power generation, midstream, environmental infrastructure, and opportunistic energy situations.

-- For FSI: providing long-term investment opportunities to – and managing assets on behalf of institutional, financial, and other clients. FSI offers equities, fixed income, and multi-asset products to its clients, as well as long-term direct investment opportunities into infrastructure assets that are under its management.

The Proposed Transaction constitutes a concentration within the meaning of Article 3 (1)(b),(4) of the EU Merger Regulation and requires review by the European Commission.

The Proposed Transaction qualifies for review under the simplified procedure by virtue of section 5 (a) of the Commission’s Notice on simplified procedures, as it concerns the acquisition by two undertakings of joint control of a joint venture that has no actual or foreseen activities within the European Economic Area (EEA).

Commission européenne, DG COMP MERGER REGISTRY, 1049 Bruxelles, BELGIQUE Europese Commissie, DG COMP MERGER REGISTRY, 1049 Brussel, BELGIË

Tel: +32 229-91111. Fax: +32 229-64301. E-mail: COMP-MERGER-REGISTRY@ec.europa.eu.