Amarenco Raises 300 Million Euros to Support Its Growth as a Solar IPP and Storage Energy Player
Why this third round of financing 3 years after the first?
With uninterrupted growth every year since its creation, Amarenco Group has the capacity, thanks to this third round of capital raising, to take another important step towards achieving its objectives; In particular, in terms of ecosystem regeneration, by initiating, for example, the first micro-forest and soil regeneration projects (to produce regenerative energy) in 2023, or by successfully implementing energy storage systems such as the flagship 100 megawatt-hour “Claudia” project.[3]
More generally, this new round of financing will make it possible to fund the company's development ambitions over the coming months/years:
- Converting its multi-GW projects into assets across all of its geographies over the next 3 years
- Continue to expand across all of its 3 strategic pillars, i.e. solar, energy storage and agripv infrastructures, with a particular focus on corporate offtakers by supporting them in achieving their net carbon ambitions and long term power price hedging strategies across their sites all their geographies.
As part of this fundraising, Julian Skinner and Romain Py from Arjun Infrastructure join Amarenco‘s board of directors, which also includes Mathieu Badjeck and Pierrre Abadie, co-heads of Tikehau Capital’s Private Equity Energy Transition practice.
[1] IDIA Capital Investissement, Sofilaro, Grand Sud Ouest Capital and Nord Midi-Pyrénées Développement
[2] Tikehau Capital has been a shareholder of Amarenco since 2020 through its European private equity strategy “T2 Energy Transition Fund” dedicated to ecarbonization.
[3] The “Claudia” project is a lithium-ion battery storage project with a capacity of 105 MW / 98 MWh, located on industrial wasteland in Gironde (33)
View source version on businesswire.com: https://www.businesswire.com/news/home/20230315005111/en/
Website: https://www.amarencogroup.com/fr/
Contact
Amarenco
For Amarenco: Profile Agency
Olivia Chabbert
+33156267200
ochabbert@agence-profile.com
For Arjun Infrastructure Partners:
Chris Wilson
+44(0)7840235623
chris@trequartistaconsulting.com
For Tikehau Capital:
Valérie Sueur
vsueur@tikehaucapital.com
Juliette Mouraret
jmouraret@image7.fr
0140063930
For IDIA Capital Investissement:
Audrey Tournant
+33 (0)61440100
audrey.tournant@ca-idia.com
This news is a press release provided by Amarenco.
