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

December 13th 2017
EDF Commissions 179 MW At Two Solar Power Plants In Nevada

Policy makers led by US Senator Harry Reid were present at a celebration formally recognising Switch Stations 1 and 2 solar power plants, with a combined generation capacity of 179 MWac, as fully commissioned and in commercial operation. Senator Reid stated “Less than a decade ago, Nevada’s solar energy landscape was nonexistent, but this commissioning helps fulfil the vision I had to make our state the leader in renewable energy development. A technology giant like Switch committing to using 100% renewable energy is truly visionary and grows our clean energy economy by creating hundreds of good-paying construction jobs here.”

December 12th 2017
Global Trade In Biofuels Featured At International Renewable Mobility Conference

A significant proportion of global energy use, is in transportation. Action is crucially needed to bring about an energy turnaround in this sector and it’s a topic that has moved higher up the political agenda again since Dieselgate, and with growing calls for a rapid introduction of electromobility. In Germany, the Working Group on Energy Balances (AG Energiebilanzen) has calculated the final energy consumption of 728 TWh by the transport sector in 2016. Data from the German Environment Agency (UBA) reveals that over 90 percent of fuel deployed is derived from mineral oil. World-leading experts meeting in a parallel forum at the 15th International Conference on Renewable Mobility will analyse biofuel trading worldwide, examining various perspectives on requirements, the current state of play and forecasts.


 

   

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