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

October 16th 2017
Uganda Inaugurates Breakthrough Tororo PV Plant. A Future Model For Africa?

Production has commenced at the Tororo PV power plant; which, with 16 GWh of renewable energy generated annually, will cater for the energy requirements of 35,838 people and help reduce CO2 emissions by 7,200 tons. Overall, $19.6 million was invested to build the 10 MWp plant, with the engagement of several major organisations including KfW and FMO Development Banks, the World Bank and the EU. Attilio Pacifici, EU Ambassador said, “One of the key objectives of this plan is to encourage private sector participation in higher risk investments and we’re happy to demonstrate that Uganda is well positioned to be successful and a good model for replication.”

October 10th 2017
EDF Completes Blythe Installation Of Potent New Turbines, Powering 34,000 Homes

The Blyth Offshore Demonstrator project will produce enough low-carbon electricity to power approximately 34,000 UK households, using 8.0MW wind turbines with a power mode uprating them to 8.3MW. It will save around 57,600 tonnes of CO2 emissions each year and is the first offshore wind project to connect using 66kv rated cables. It’s also the first time that a “float and submerge” gravity-based foundation (GBF) has been used for offshore wind turbines. Each GBF is made up of more than 1,800m3 of concrete and weighs over 15,000 tonnes when fully installed on the seabed, and the structures have a total height of around 60 metres from the base to the access platform.


 

   

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