Amarenco, an independent power producer, secured a €130 million (~$150 million) preferred equity tranche from its long-standing shareholder Arjun Infrastructure Partners.
The facility will be used to accelerate its growth in European markets. The investment is expected to reinforce the company’s integrated independent power producer platform and support its trajectory towards structural autonomy.
Within the next 24 months, the company plans to exceed 1 TWh of annual production, backed by over 1 GW of installed capacity. In 2025, Amarenco delivered more than 600 GWh of clean electricity and reached 650 MW of installed solar capacity. The company’s portfolio also includes 94 MW/188 MWh of energy storage capacity.
In January 2026, Amarenco also closed a €300 million (~$349 million) Holdco platform financing led by Eiffel Investment Group, which provided an initial €150 million (~$174 million) commitment. This funding was to optimize Amarenco’s capital structure and support the acceleration of its projects in Europe.
Previously, in 2023, the company secured €300 million (~$321 million) in funding led by Arjun Infrastructure Partners, a European asset manager, and the deal includes an option to acquire a minority stake in Amarenco as part of the deal. The round also saw participation from Crédit Agricole Group and Tikehau Capital.
According to Mercom’s recently released Annual and Q4 2025 Solar Funding and M&A report, total corporate funding, including venture capital (VC) funding, public market, and debt financing into the solar sector, decreased 16% year-over-year (YoY) in 2025, with $22.2 billion raised in 175 deals, compared to $26.3 billion in 157 deals in 2024.
In 2026, Commercial Energy South Africa (CESA), a subsidiary of SolarAfrica Energy, a South African energy solutions provider, closed an investment of R635 million (~$39 million) from Vantage Capital, Africa’s mezzanine debt fund manager, alongside co-investor Greenpoint Capital.
