Amarenco, a major player in the renewable energy sector, has secured €500 million in funding from an international banking consortium. This operation aims to finance solar projects in Spain, Portugal, Ireland, and Austria, as well as refinance existing debts.
The financing was structured with the support of banking partners such as Intesa Sanpaolo Bank Luxembourg, Rabobank, Santander Corporate & Investment Banking, and Berenberg. An additional €150 million accordion facility has also been arranged to provide future operational flexibility.
An expanding portfolio
Currently, Amarenco operates a total installed capacity of 650 MW and is developing a multi-gigawatt pipeline across various European regions. This funding strengthens the management of these assets while consolidating its execution capacity in targeted markets.
The structure of this financing, deemed innovative by its financial partners, simplifies project deployment by ensuring better control over costs and timelines.
Strategic perspectives
This funding reflects the growing interest of investors in large-scale electricity production projects. According to the company, this financial support will facilitate the implementation of its plans in several key markets while ensuring centralized debt and asset management.
Alain Desvigne, CEO of Amarenco, highlighted that this operation is an important milestone for the company. He also expressed his satisfaction with the trust shown by the banking partners, a testament to the robustness of the strategies developed at the international level.
