European asset manager Arjun Infrastructure has invested €300m for a 30% stake in solar photovoltaic energy producer Amarenco.

Amarenco is an independent power producer with over 400MW of operating assets. The company is also integrated across the value chain of development, construction, operation and asset management.

Romain Py, a partner at Arjun Infrastructure, said: “We are delighted to partner with Amarenco founders and Tikehau Capital to support the company’s growth ambitions. This is a well-established platform with an experienced management team and a robust pipeline across geographies.”

Py said Amarenco has also demonstrated its ESG leadership by pioneering the ECHO programme to regenerate eco-systems and issuing sustainable convertible bonds and has a clear and “well-articulated ESG vision going forward, which is fully aligned with our ambitions”.

He said: “Our investors and wider business are very excited to team up with this high-quality team and scalable development platform to accelerate its development across Europe.”

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