Amarenco Solar Limited

Amarenco Solar Limited is a renewable energy company focused on the development and management of solar photovoltaic (PV) solutions, contributing to sustainable energy practices across various sectors. Founded in 2013, Amarenco Solar Limited operates in the renewable energy sector, specializing in solar energy projects. The company is headquartered in Cork, Ireland. The founders include Sam Yamdagni and Yaseen Abdel-Ghaffar.

In November 2020, Amarenco secured EUR 150 million in a GROWTH funding round led by Tikehau Investment Management, with total capital raised amounting to EUR 150 million. The company has completed a total of 3 deals, with the most recent deal occurring on November 10, 2020. Amarenco specializes in developing and operating solar photovoltaic (PV) energy solutions aimed at decarbonizing the economy. Its core offerings encompass a variety of solar systems tailored for large-scale solar farms as well as specific installations on rooftops and agricultural sites.

The company serves a diverse clientele, including private consumers, businesses, and agricultural operations, facilitating renewable energy generation and minimizing carbon footprints. Amarenco markets its products across regions such as France, Spain, and Ireland, ensuring localized solutions that meet specific energy requirements and regulatory standards. The company also integrates energy management and Internet of Things (IoT) solutions to provide clients with advanced tools for energy efficiency and monitoring. In 2021, Amarenco reported a revenue of EUR 96,325,263 and an EBITDA of EUR 16,431,782.

The company's revenue model is based on the development and management of solar energy projects, which include direct sales of photovoltaic systems and associated services. Amarenco engages in business-to-business transactions with various sectors, establishing partnerships to deliver customized energy generation solutions. Revenue streams are secured through long-term contracts and agreements, which may include subscription models for energy management services or performance-based pricing tied to energy production. With the recent funding of EUR 150 million secured in November 2020, Amarenco aims to accelerate its growth initiatives.

The company targets the construction of over 1 GW of solar projects in the near term, with ambitions to reach 3 GW by 2023, focusing on expansion into Europe, the Asia-Pacific region, and the Middle East. This funding will support the realization of these goals, further positioning Amarenco as a key player in the renewable energy market.