Amarenco
Amarenco is an Ireland-based independent power producer developing, financing, and operating solar PV and battery storage assets across Europe and Egypt, serving industrial, agricultural, municipal, and developer clients with a vertically integrated IPP model.
- Company typePrivate
- Founded2013
- HeadquartersCork, Ireland
- Headcount101–250
- GTM typeB2B
- OfferingServices
What Amarenco does
Amarenco is an Ireland-domiciled independent power producer (IPP) that develops, finances, builds, and operates solar photovoltaic and battery storage assets across Europe and, more recently, Egypt. Founded in Cork in 2013, the company delivers multi-format PV installations including ground-mounted, rooftop, floating, agrivoltaic, parking ombrière (carport), and greenhouse systems, alongside a 94 MW / 188 MWh storage portfolio anchored by the 105 MW Saucats ("Claudia") facility in Gironde, one of Europe's largest battery installations. The company has commissioned 500-650 MW of solar capacity, delivered over 600 GWh of clean electricity in 2025, and targets 1 GW installed and 1 TWh annual production within 24 months, with longer-term ambitions of 3 GW by 2030 and 25 GW by 2050. Differentiated by its regenerative ECHO Program (committing €2M per GW to ecosystem restoration) and full vertical integration through Amarenco Construction and Amarenco Services subsidiaries.
Amarenco serves four primary customer segments: industrial companies seeking Scope 2/3 decarbonization, agricultural cooperatives and farmers needing climate-protected infrastructure, local governments pursuing renewable and infrastructure targets, and property developers integrating RSE requirements. The company also extends into international markets through a 74% stake in SolarizEgypt and serves retail investors via convertible-bond crowdfunding. The customer base is highly distributed, anchored by the 220-site Infram portfolio (acquired in 2023, serving ~1M households) and enterprise deals such as Vivescia (15 MWc), Coca-Cola Sadat, Longhi Béton, and the FFA aerodrome solarization.
The business model combines recurring electricity production and sale (the primary revenue stream as of 2024) with project development and construction services, long-term asset management and O&M, and crowdfunding-based retail finance. Pricing is project-specific and quote-based. Amarenco is privately held, with Arjun Infrastructure Partners holding a 30% stake following a €300M investment in March 2023 and a follow-on €130M preferred equity tranche in March 2026, alongside earlier backing from Tikehau Capital, IDIA Capital Investissement (Crédit Agricole), and Dalkia. The company operates from 12+ offices across Cork, Lagrave (French HQ), Paris, Lyon, Montélimar, Bastia, Porto, Madrid, Vienna, Guadeloupe, La Réunion, and Saucats, and is led by co-founder/President Alain Desvigne and CEO Frédéric Maenhaut, with Alexandre Lambolez appointed as Group CFO in early 2026.
Amarenco firmographics
Firmographics- Name
- Amarenco
- Legal name
- Amarenco Solar Limited
- Website
- https://amarencogroup.com
- Company type
- Private
- Founded year
- 2013
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Amarenco is an Ireland-based independent power producer developing, financing, and operating solar PV and battery storage assets across Europe and Egypt, serving industrial, agricultural, municipal, and developer clients with a vertically integrated IPP model.
- Ownership category
- akta.pro rank
Amarenco industry classification
Industry- Product category
- Solar Power Generation
- NAICS
- Solar Electric Power Generation (221114), Electric Power Generation, Transmission and Distribution (2211), Electric Power Generation (22111)
- SIC
- Cogeneration Services & Small Power Producers (4991)
- akta.pro primary industry
- Solar Project Development & IPP (Utility-Scale & Rooftop) (EUAMABAA)
- akta.pro secondary industries
- Solar EPC & Construction (Utility-Scale, Rooftop, Balance of System) (EUAMABAB), Utility-Scale PV EPC (Engineering, Procurement & Construction) (EUACAGAB), Construction Management & General Contracting (EPCM, Scheduling, QA/QC, HSE) (EUAMAFAJ), Project Finance & Capital Structuring (Debt/Tax Equity/Project Bonds) (EUAMAAAD)
Keywords
Where Amarenco is headquartered
LocationHeadquarters
- HQ city
- Cork
- HQ country
- Ireland
- HQ region
- Europe
Offices12 records
Markets served
Amarenco business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Technology or R&D, Infrastructure, Operations, Personnel, Marketing or Sales
Revenue model
- Electricity Production and Sales: As an independent power producer (IPP), Amarenco generates recurring revenue from electricity production from its operational solar and storage assets across Europe. In 2024, this became the first year where all EBITDA came from energy revenues, marking a transition from a services-based model to a fully energy-focused model. The company targets exceeding 1 TWh of annual production within 24 months, backed by more than 1 GW of installed capacity.
- Project Development and Construction: Amarenco provides end-to-end development services including technical, legal, fiscal, and commercial engineering. They structure financing for projects including equity, quasi-equity, and non-recourse bank financing. Construction services include project management with zero tolerance for safety issues.
- Asset Management and O&M Services: Professional asset management services to ensure and improve the performance and profitability of photovoltaic power plants over the long term. Services include technical, administrative, insurance, security, and financial management of solar installations.
- Crowdfunding: Amarenco offers private investors convertible bonds with 5% yield over 4 years through crowdfunding campaigns. The company has raised over 30 million euros through this channel, representing an integral part of their development strategy for asset diversification.
Go-to-market motion2 records
Distribution channels3 records
Marketing channels6 records
Amarenco product offering
Product offeringCore offering
Amarenco is an independent power producer (IPP) that develops, finances, builds, and operates large and medium-scale solar photovoltaic projects across Europe. Its offerings span multiple installation formats — ground-mounted plants, rooftop systems, floating solar, agrivoltaic greenhouses, parking ombrières, and agricultural buildings — complemented by large-scale battery storage. The company also provides full-lifecycle services: project financing (equity, quasi-equity, non-recourse bank debt, crowdfunding), development engineering, construction management, and long-term operation and maintenance.
Product overview
Amarenco is an independent photovoltaic (IP) energy producer offering a comprehensive portfolio of solar solutions and energy services. The core offering consists of photovoltaic installations across multiple form factors: ground-mounted plants, rooftop systems, floating solar, agricultural greenhouses, carports/ombrières, and building-integrated PV. These are supported by complementary services spanning project financing, development/permitting, construction management, and long-term operation & maintenance. The company also offers energy storage solutions (battery systems) and agrivoltaic products that combine agriculture with solar generation. The product architecture is organized by installation type (ombrières, buildings, greenhouses, ground/centrales, storage) with services layer covering the full project lifecycle from financing through operations.
Differentiator
Problem solved
Functional benefit
Brands
- ECHO Programme: Regeneration program allocating €2 million per GW of solar plant electricity to environmental regeneration, including soil carbon sequestration, biodiversity enhancement, and forest restoration.
- Amarenco Pledge
Products and services
- Solar Photovoltaic Solutions Amarenco's core offering: development, financing, construction, and operation of solar photovoltaic installations across multiple form factors — ground-mounted centrales, rooftop systems, floating solar, agrivoltaic greenhouses, parking ombrières, and photovoltaic agricultural buildings. Customers include industrial companies, agricultural cooperatives, local governments, and property developers across Europe.
- Large-Scale Battery Energy Storage Grid-scale battery storage systems providing regulation, congestion relief, and energy trading services. The portfolio includes 94 MW / 188 MWh of operational storage, anchored by the 105 MW Saucats facility which represents 50% of RTE's AOLT 2022-2028 battery allocation.
- Project Financing Solutions Investment and finance solutions for ready-to-build projects and operational asset acquisitions, including equity, quasi-equity, non-recourse bank financing, and crowdfunding (convertible bonds with 5% yield over 4 years). More than €30 million has been raised through crowdfunding channels.
- Development and Engineering Services Expertise in obtaining all required authorizations for project financing and management, covering technical, legal, fiscal, and commercial engineering. Includes feasibility studies, land acquisition, permitting, and grid connection processes.
- Construction Management Services Project construction phase management delivered via Amarenco Construction, using specialized expertise in contracting and project management with zero tolerance for safety issues. Manages installation across all solar formats.
- Asset Management and Operation & Maintenance (O&M) Professional asset management services delivered by Amarenco Services to ensure and improve long-term performance and profitability of photovoltaic power plants, covering technical, administrative, insurance, security, and financial management.
Quantifiable outcome
- Reached 500 MW of commissioned solar power assets in Europe in under 4 years, targeting 1 GW within 2 years
- +4 more outcomes
Companies that use Amarenco
Customer profileNamed customers5 records
Segments5 records
Ideal customer profiles5 records
Amarenco technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Amarenco partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered strategic, major and minor.
- EnedisstrategicStrategic discussions at Amarenco's Saucats storage facility (Claudia, one of Europe's largest battery units). The partnership focuses on storage services for grid regulation, congestion relief, and optimization of power system operations.
- CentricastrategicPartnership strengthened around the Las Naranjillas project in Carmona, Sevilla, Spain (50 MW ground-mounted plant on 137 hectares avoiding 51,977 tonnes of CO2 annually).
- VivesciamajorStrategic partnership launching 8 ground-mounted photovoltaic power plant projects totaling 15 MWc on agricultural storage sites. The partnership combines energy performance, territorial anchoring, and sustainable transition for agricultural and agro-industrial sectors through Amarenco's ECHO Program.
- Agripower ConsortiumstrategicCross-border agrivoltaic project consortium including NEIKER, IRTA, Gobierno de Navarra, UPV, Chambre d'Agriculture des Pyrénées-Atlantiques, Chambre d'Agriculture de la Dordogne, DERBI, Agri South-West Innovation, and INDARKI. Amarenco analyzes development opportunities and coordinates support for producers interested in agrivoltaic systems.
- MiiMOSA, Eloi, GenesisminorPartners at Salon International de l'Agriculture presenting complementary solutions for successful agroecological transition, including impact measurement and agricultural energy transition solutions for small and medium farms.
- FFA - Fédération française d'aéronautiquestrategicPartnership to support sustainable light and sport aviation by integrating short-circuit electrical ecosystems on airfields. First project at Libourne aerodrome involves solarization of 15 hectares (15 MW), with compatibility work with Aérobiodiversité association.
- SolarizEgyptmajorAmarenco acquired 74% of SolarizEgypt and created a joint venture to develop 300 MW of solar assets in Egypt with a budget of 255 million USD over four years. This represents Amarenco's expansion into the Egyptian market.
Scale indicators18 records
Recent moves7 records
Expansion highlights6 records
Amarenco competitors and assessment
Company assessmentDirect peers
- Sonnedix: Global solar independent power producer with a sizable pan-European operating portfolio. Comparable as a pure-play solar IPP focused on long-term ownership and operation of PV assets.
- Akuo Energy: Independent French renewable energy producer active across solar, wind, biomass, and storage with international expansion. Comparable as a similarly sized European IPP with a developer-Owner-operator model.
- Neoen: French-listed independent power producer developing, building, and operating solar, wind, and storage assets across Europe and internationally. Closely comparable in IPP business model, European footprint, and storage ambition.
- Encavis AG: German-listed operator of solar and wind parks across Europe. Comparable as a publicly visible European renewables IPP with operating PV assets generating recurring cash flows.
- Voltalia: French renewable IPP with operations across solar, wind, biomass, and storage. Highly comparable in being a multi-technology European developer-operator with a strong French base.
- Lightsource BP: Global solar developer and IPP with significant European activity across utility-scale and distributed PV. Comparable developer-Owner-operator model and agrivoltaic interest.
- Qair: France-headquartered independent renewable power producer with onshore/offshore wind, solar, and storage projects across Europe and emerging markets. Directly comparable; notably, Amarenco's CFO previously served as Qair Group CFO.
Broad incumbents
- Enel Green Power: Global renewable energy arm of Enel with extensive European solar, wind, and storage assets. Comparable as a broad incumbent competing in solar and storage auctions across Europe.
- EDP Renováveis: One of the world's largest renewable energy developers with significant Iberian and European solar exposure. Comparable as a major incumbent competing in the same utility-scale solar and storage markets.
Emerging players
- BayWa r.e. Global renewable energy developer, EPC, and IPP with strong European solar project development. Comparable in combining project development, EPC, and asset ownership with a broad European footprint.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Amarenco social profiles
Digital presenceAmarenco compliance and trust
Trust signalCompliance4 records
Amarenco financial estimates
Financial estimateRevenue estimate
Valuation estimate
Amarenco leadership team
Management profileNumber of profiles
Profiles12 records
Amarenco subsidiaries and ownership
Company hierarchySubsidiaries6 records
Amarenco funding detail
Funding detailFunding overview
Funding rounds5 records
Investors7 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Amarenco M&A and investment
M&A and investmentM&A2 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Amarenco
What does Amarenco do?
Amarenco is an independent power producer (IPP) that develops, finances, builds, and operates large and medium-scale solar photovoltaic projects across Europe. Its offerings span multiple installation formats — ground-mounted plants, rooftop systems, floating solar, agrivoltaic greenhouses, parking ombrières, and agricultural buildings — complemented by large-scale battery storage. The company also provides full-lifecycle services: project financing (equity, quasi-equity, non-recourse bank debt, crowdfunding), development engineering, construction management, and long-term operation and maintenance.
Is Amarenco a public or private company?
Amarenco is a private company. It is classified as venture growth investor backed and is currently operating.
When was Amarenco founded?
Amarenco was founded in 2013. It employs 101 to 250 people.
Where is Amarenco based?
Amarenco is headquartered in Cork, Ireland, in the Europe region.
How does Amarenco make money?
Four revenue lines are on record. Electricity Production and Sales are the primary driver. The others are project Development and Construction, asset Management and O&M Services and crowdfunding.
Who are Amarenco's main competitors?
Direct peers on record are Sonnedix, Akuo Energy, Neoen, Encavis AG, Voltalia, Lightsource BP and Qair. Broad incumbents are Enel Green Power and EDP Renováveis. BayWa r.e. is listed as an emerging player.
Does Amarenco have an API?
No public API is recorded for Amarenco.
What industry is Amarenco in?
Amarenco's product category is Solar Power Generation. Its primary akta.pro industry code is EUAMABAA, Solar Project Development & IPP (Utility-Scale & Rooftop), with a secondary code of EUAMABAB, Solar EPC & Construction (Utility-Scale, Rooftop, Balance of System). Its NAICS code is 221114 and its SIC code is 4991.