Amarenco, a Franco-Irish company specializing in photovoltaic energy, has completed a €300 million ($317 million) capital-raising round to help fund its development and growth ambitions.
The latest fundraise allows Arjun Infrastructure Partners to acquire a minority stake in Amarenco. Julian Skinner and Romain Py from Arjun Infrastructure will join Amarenco's board of directors.
As part of its growth strategy, Amarenco plans to convert its multi-gigawatt projects into assets across all of its geographies throughout the next three years. The company also plans to continue expanding across its strategic pillars: solar, energy storage and agri-photovoltaic infrastructure, with a particular focus on corporate offtakers.
“We are delighted to welcome Arjun Infrastructure Partners in order to achieve our goals,” said Alain Desvigne, CEO of Amarenco. “We are continuing our journey as an independent player while giving us the financial means to realize our proj