EU Commission OKs EVH Grüne Energie, HSBC SICAV-RAIF Joint Venture

08:14 AM EDT, 07/17/2026 (MT Newswires) -- The European Commission approved the planned creation of a joint venture between Germany's EVH Grüne Energie and Luxembourg's HSBC SICAV-RAIF. The regulator said Friday the deal, which mainly covers the development and operation of a battery energy storage system in Döllnitz, Germany, would not create competition concerns as the venture has negligible activities in the European Economic Area.