🏆 Deal of the Month · March 2023
Amarenco raised EUR 300M in a Private Equity round, with valuation undisclosed, marking one of the largest single financing events for an independent solar power producer in Ireland. The round was led by Arjun Infrastructure Partners. The deal was recognised as Deal of the Month for March 2023.
Amarenco — key deal facts
| Company | Amarenco |
| Founded | 2013 |
| Headquarters | Cork, Ireland |
| Amount raised | EUR 300M |
| Valuation | Valuation Remains Undisclosed |
| Round | Private Equity |
| Investors | Arjun Infrastructure Partners (https://www.arjuninfrastructure.com/) |
| Sectors | Renewable Energy |
Who invested in Amarenco?
Arjun Infrastructure Partners, a specialist infrastructure equity investor, provided the full EUR 300M commitment. The participation of a dedicated infrastructure fund underscores the institutional appetite for scaled, operational renewable energy platforms in Europe. No additional co-investors are disclosed.
What does Amarenco do?
Amarenco is an independent power producer founded in 2013 in Cork, Ireland by Alain Desvigne and John Mullins. The company develops, builds, and operates photovoltaic solar power plants and battery energy storage systems across distributed and utility-scale segments, including ground-mounted, rooftop, carpark, and agrisolar installations. Its customer base spans communities, industrial users, and commercial enterprises. Frédéric Maenhaut currently serves as Chief Executive Officer.
Amarenco valuation & multiples
Frequently asked questions
How much did Amarenco raise in its Private Equity round?
Amarenco raised EUR 300M in a Private Equity round, recognised in March 2023.
What is Amarenco's valuation?
Amarenco's valuation was not disclosed in connection with this round.
Who invested in Amarenco?
Arjun Infrastructure Partners led and funded the EUR 300M Private Equity round in Amarenco.
When was Amarenco founded and where is it based?
Amarenco was founded in 2013 and is headquartered in Cork, Ireland.
Source: original announcement — read the full report.