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

January 28th 2018
Chinese Solar Surge Fuels Overall Global Growth In Clean Energy Investment

World clean energy investment totalled $333.5 billion last year, up 3% from 2016 and the second highest annual figure ever, taking cumulative investment since 2010 to $2.5 trillion. An extraordinary boom in photovoltaic installations made 2017 a record year for China’s investment in clean energy. This outpaced changes elsewhere, including jumps in investment in Australia and Mexico, and declines in Japan, the U.K. and Germany. The figures up 3% from a revised $324.6 billion in 2016, and only 7% short of the record figure of $360.3 billion, in 2015.

January 28th 2018
Masdar City To Test Latest Concepts In Autonomous Electric Vehicles

ICONIQ Motors, a China-based EV company, has reached agreement to test its autonomous driving concept at Masdar City. The ICONIQ SEVEN, one of the world’s latest EV models is a futuristic vehicle, built on an intelligent, connected vehicle platform integrated with Microsoft’s AZURE cloud technology; and is set to hit the market in 2019. “Masdar City has put smart and sustainable mobility at the centre of its strategy, as highlighted by the historic success of its flagship driverless Personal Rapid Transit (PRT) system,” said Yousef Baselaib, Executive Director of Sustainable Real Estate at Madsar. “It is the ideal location to test innovative autonomous driving concepts.”


 

   

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