10 October 2017 2017 09:30 AM GMT

Amarenco Consolidates In France; Acquires Clean Energy Developer Groupe Carré

Amarenco, an independent power producer based in Ireland, has announced its acquisition of Groupe Carré, one of the leading renewable energy project developers active in France. This acquisition supports Amarenco’s strategic objectives and strengthens its position in France’s promising wind and solar energy markets. Operating under the brand name Amarenco France, the new entity has the depth of skills, experience and financial girth to quickly become one of the main vertically integrated IPPs active in the country.

Over the last few years, Amarenco has been developing its activities in France where it invested over 300 million euros to build its renewable energy asset portfolio in the country. In 2016, Amarenco entered a strategic collaboration agreement with Groupe Carré, whereby Amarenco gained access to the French company’s extensive Asset Management and O&M expertise. Groupe Carré, founded in 2008 by Olivier Carré, has installed and operated several hundreds of commercial and utility-scale photovoltaic projects in France over the last decade.

“After such a successful initial collaboration, this acquisition was our next logical step. Over the months, we have developed a deep understanding of our respective strengths and we now have a clear idea of how to leverage our synergies to launch a path of fast growth,” said Alain Desvigne, Amarenco’s chairman. “Together, we can become involved in an increasingly large number of projects, at any stage of their development, everywhere in France.”

The respective services and capabilities of Amarenco and Groupe Carré are an excellent match. Amarenco has extensive experience in acquiring, owning and operating renewable energy assets, whereas Groupe Carré has all the required expertise to develop, build and maintain projects.

“For the last 10 years, we have collaborated with farmers, local authorities and businesses to deliver a vast array of high-quality PV installations. From our clients’ perspective, this acquisition will offer the increased safety of having a partner with extremely firm foundations, as well as give them access to a turnkey PV and wind energy project installation offering,” concluded Olivier Carré, former President of Groupe Carré and Amarenco France’s new CEO.

Amarenco is an independent renewable energy power company that develops, builds and operates renewable energy power plants. Amarenco’s senior team of energy executives have delivered over €5bn of renewable energy investments over the last twenty years. Amarenco commissioned its first project investment in 2014 and invested in 75 MWp of operating solar projects across France and a further developing pipeline of projects across its key markets of operation

September 17th 2018
MHI Vestas Signs Firm Order for Largest MW Project in Company History

MHI Vestas Offshore Wind will supply 90 of its flagship V164-9.5 MW turbines for the 860 MW Triton Knoll Offshore Wind Farm project; its largest MW project to date. MHI Vestas celebrated the financial close of the deal with innogy, at the site, confirming the project as the largest (MW) in the history of the turbine company. Affirming its strengthening position in the UK offshore wind market, the Danish-Japanese joint venture will supply 90 of the world’s most powerful commercially available turbine, the V164-9.5 MW, and has agreed on a comprehensive 5-year O&M agreement.

September 16th 2018
Ingeteam Develops New Optimal Offshore Power Conversion Architecture

Ingeteam, an independent global supplier of electrical conversion and turbine control equipment, has announced that a recent in-house R&D study allowed them to work out the optimal electrical power conversion designs for offshore wind turbines up to 15 MW. The research, taking into account the complex set of parameters at play in LCoE, enabled it to develop a Medium Voltage Power Converter reaching up to the 15 MW power range. Ingeteam claims that its new design is the ideal solution for scaling up offshore turbine platforms and will present its converter and the associated research at the Global Wind Summit in Hamburg next month.

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