Amarenco, a Franco-Irish company specialising in photovoltaic energy, has just completed a new round of capital raising for €300m. This latest round allows Arjun Infrastructure Partners, to acquire a minority stake in Amarenco. Arjun Infrastructure joins, alongside a pool of investors from the Crédit Agricole Group, Tikehau Capital, an alternative asset management group, which has made a significant contribution to Amarenco’s growth since 2020.
Why is the third round of financing 3 years after the first?
With uninterrupted growth every year since its creation, Amarenco has the capacity, thanks to this funding round, 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 implementing energy storage systems like the flagship 100 megawatt-hour “Claudia” project.
What does the funding mean for Amarenco?
More generally, this new round of financing will make it possible to fund the company’s development ambitions over the coming months/years such as the following:
- 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 round of capital 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.