Irish independent power producer Amarenco has acquired French renewables outfit Groupe Carré.
Amarenco said the acquisition supports its “strategic objectives and strengthens its position in France’s promising wind and solar energy markets”.
Groupe Carré will now operate under the new name Amarenco France, with its former president Olivier Carré as chief executive.
Amarenco has collaborated with Groupe Carré since 2016 to provide access to the French company’s asset management and operations and maintenance expertise in France.
Amarenco chairman Alain Desvigne said: “After such a successful initial collaboration, this acquisition was our next logical step.
“Over the months, we have developed a deep understanding of our respective strengths and we now have a clear idea of how to leverage our synergies to launch a path of fast growth.”
Image: the Amarenco France team (Amarenco)
Amarenco strengthens French ties
Acquisition of Groupe Carré builds on 2016 collaboration agreement
By EBS