Brief: Spain's Competition Watchdog Fines Soltec Development's Unit For Abuse Of Dominant Position

Soltec Power Holdings SA

02/01/2024 12:01

Jan 2 (Reuters) - Comision Nacional de los Mercados y la
Competencia (CNMC):
    * FINES LUMINORA 384,672 EUROS FOR FAVOURING ACCESS OF ITS
RENEWABLE INSTALLATIONS TO ELECTRICITY GRID OVER A COMPETITOR
    * SAYS LUMINORA ABUSED ITS DOMINANT POSITION TO GAIN ACCESS
TO ITS
OWN FACILITIES AND DID NOT PROCESS THOSE OF A COMPETITOR
    * IN ADDITION TO DECLARING LUMINORA LIABLE AS PERPETRATOR OF
SANCTIONED PRACTICES, ITS PARENT COMPANY SOLTEC DEVELOPMENT HAS
BEEN DECLARED JOINTLY LIABLE FOR PAYMENT OF FINES

        
 Source text: http://tinyurl.com/75mwhmaa
 Further company coverage:  SOLPW.MC 

 (Gdansk Newsroom)
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