Amarenco, an independent power producer based in Ireland, has announced its acquisition of Groupe Carré, a renewable energy project developer active in France. This acquisition supports Amarenco’s strategic objectives and strengthens its position in France’s promising wind and solar energy markets.
Over the last few years, Amarenco has been developing its activities in France where it invested over € 300 million 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 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 photovoltaics projects in France over the last decade.