Amarenco gets €130m equity tranche
Franco-Irish developer and IPP Amarenco has secured a €130m preferred equity tranche from Arjun Infrastructure Partners to support European growth and financial autonomy.
Amarenco is targeting more than 1TWh of annual production in the next two years backed by more than 1GW of installed capacity. The company expects to transition to a fully integrated IPP model generating recurring earnings from energy production and asset rotation over the period, it said.
The Cork-headquartered company has around 650MW of installed solar capacity and 94MW of storage.
Funding comes after Amarenco secured a €300m junior holdco platform financing via Eiffel Investment Group in January. Eiffel committed €150m in the eighth collaboration between the companies.
Amarenco has secured more than €1bn from top-tier European financial institutions since the start of 2025.
It merged with Methode Carre, a French solar project designer, in 2018. UK-based Arjun took a 30% stake in the company in 2023.
