The Belgian Competition Authority has officially approved the expansion of Ghent Renewables, allowing it to operate as a full-function joint venture. This decision is expected to enhance the company's capabilities in the renewable energy market.

The approval signifies the authority's assessment that the joint venture will not hinder competition within the sector. By transitioning to a full-function model, Ghent Renewables aims to leverage synergies and improve operational efficiencies.

This move is part of a broader trend in the renewable energy industry, where companies are increasingly collaborating to meet growing energy demands and sustainability goals. The Belgian Competition Authority's decision reflects a supportive regulatory environment for such initiatives.