Amarenco, a European renewable-energy and storage platform, has secured €300 million ($349 million) in a HoldCo-level platform financing led by Eiffel Investment Group, which committed an initial €150 million ($175 million).
This new junior holding company (holdco) financing aims to further optimize Amarenco’s capital structure, decrease the financing costs and ease the cash circulation within the group, and support the accelerated deployment of its renewable energy and storage projects across Europe. The financing covers Amarenco’s photovoltaic and battery storage assets across its key geographical areas of France, the Iberian Peninsula, Austria and Ireland.
During the past two years, Amarenco has been working on the rationalization of its financing strategy through the implementation of large-scale platform senior financings. In the past 12 months alone, the company has secured more than €1 billion ($1.1 billion) from Tier 1 European financial institutions.
