IPP Amarenco raises €300 million for solar, energy storage and agrovoltaics pipeline

By Simon Yuen
LinkedIn
Twitter
Reddit
Facebook
Email

Independent power producer Amarenco has purchased a 90% stake in PV developer Infram from investment company M&G’s infrastructure equity investment arm Infracapital.

Both Amarenco and Infracapital agreed on a joint venture (JV) in January 2017 with a 19MW operational project and two seed projects, with 25MW combined, in the late stages of construction. According to Infram, it constructed a portfolio of 220 sites with a capacity of over 125MW from an initial operational portfolio of 19MW.

Infram focuses on building roof-mounted PV solar panels placed on top of newly-built barns and greenhouses to be used by local French farmers. Infracapital invested in Infram through Infracapital Greenfield Partners I (IGP I), with a strategy of building, delivering and operating essential greenfield infrastructure.

“Infram has an important role to play in providing affordable and clean renewable energy to address growing energy demands and reduce CO2 emissions. We look forward to seeing the business’s further expansion under Amarenco and Infram’s management team over the coming years,” said Michele Armanini, greenfield managing director of Infracapital.

This article requires Premium SubscriptionBasic (FREE) Subscription

Enjoy 12 months of exclusive analysis

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Annual digital subscription to the PV Tech Power journal
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Apart from this transaction, Amarenco has also raised €300 million (US$317.75 million), which enabled asset management firm Arjun Infrastructure Partners to acquire a minority stake in the company.

The new round of financing will help Amarenco expand its solar, energy storage and agrivoltaic infrastructure, focusing on corporate offtakers by collaborating with them to achieve their net carbon ambitions and work on their long term power price hedging strategies.

This story first appeared on PV Tech.

24 February 2026
InterContinental London - The O2, London, UK
This isn’t just another summit – it’s our biggest and most exhilarating Summit yet! Picture this: immersive workshop spaces where ideas come to life, dedicated industry working groups igniting innovation, live podcasts sparking lively discussions, hard-hitting keynotes that will leave you inspired, and an abundance of networking opportunities that will take your connections to new heights!

Read Next

August 7, 2025
Optimisation platform provider Ascend Analytics and EPC firm SolarMax Technologies have announced battery storage projects by clients and partners in Texas’ ERCOT market.
August 7, 2025
US-based lithium sulfur battery firm Lyten has now acquired nearly all of the assets of failed European lithium-ion battery startup Northvolt, with this deal to buy its gigafactories in Sweden and Germany and all IP.
August 7, 2025
The hugely anticipated draft National Electricity Market (NEM) review report, led by Tim Nelson, has been released, outlining key market reforms with implications for energy storage.
August 6, 2025
Arevon’s Eland Solar-plus-Storage Center in Los Angeles, California, is complete, comprising 758MW of solar and 1,200MWh battery storage.
August 6, 2025
Fotowatio Renewable Ventures (FRV) Australia has reached financial close on the 250MW/500MWh Gnarwarre battery energy storage system (BESS) in Victoria.

Most Popular

Email Newsletter