IPP Amarenco raises €300 million for solar, energy storage and agrovoltaics pipeline
Independent power producer Amarenco has purchased a 90% stake in PV developer Infram from investment company M&G’s infrastructure equity investment arm Infracapital. Both Amarenco and Infracapital agreed on a joint venture (JV) in January 2017 with a 19MW operational project and two seed projects, with 25MW combined, in the late stages of construction. According to Infram, it constructed a portfolio of 220 sites with a capacity of over 125MW from an initial operational portfolio of 19MW.
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