Amarenco, founded in Ireland in 2013, is a company committed to renewable energy, particularly photovoltaic solar power, with a gradual expansion into energy storage. Its name, inspired by the amaranth flower, symbolises resilience and vitality. Over time, Amarenco has successfully evolved from an investment manager to an independent power producer (IPP), establishing a strong presence across Europe, including Spain, Portugal, Ireland, and France, with flagship projects such as the Claudia storage facility.
Between 2020 and 2022, Amarenco raised €500 million to support its international growth through acquisitions and partnerships. In 2020, the company launched the ECHO program, embodying its commitment to regeneration, further strengthened by the Butterfly program in collaboration with AXA Climate. In 2024, Amarenco signed its first regenerative Corporate Power Purchase Agreement (CPPA), linking revenue generation with ecosystem restoration.
As of today, Amarenco is entering a large-scale industrialisation phase, aiming for self-financing through power revenues, financial engineering, and capital recycling. The company currently operates over 600 MW and has a total operating and secured* portoflio of 1.3 GW.
* Gross weighted capacity for operating, under-construction, and ready-to-build assets.
Strategic Refocus on Europe: By the end of 2024, Amarenco has strategically refocused its activities on Europe, aligning with its regenerative and resilience objectives.
Leadership in Energy Storage: Amarenco has consolidated its leadership position in energy storage, particularly through the Claudia facility, now a benchmark in the sector.
Scaling Up the ECHO Program: The ECHO program has been significantly scaled up to further embed regenerative practices across Amarenco’s operations.