Amarenco secures €130m preferred equity funding

Solar company Amarenco has secured an additional €130m preferred equity which will help fund its new energy projects in Ireland and international acquisitions.

Solar company Amarenco has secured an additional €130m preferred equity which will help fund its new energy projects in Ireland and international acquisitions.

Amerenco was co-founded by the late John Mullins in 2013 with the aim to speed up the shift to clean energy. It invests in long-term energy infrastructure. 

The company announced on Thursday it finalised a capital increase in December 2025 with one of its key shareholders, Arjun Infrastructure Partners, through a tranche of preferred equity of €130m. An Ameranco spokesperson said, "A substantial amount of the capital increase was completed in 2025, with the additional equity planned for 2026 in line with our business growth." The second tranche of the preferred equity is aided by the support of BNP Paribas.

Amarenco delivered more than 600GWh of energy delivered in 2025 - enough energy to power 125,000 homes. “This €130m equity increase in Amarenco will help accelerate the company’s growth across its Irish operations locally and provide capital for new solar and energy-storage projects," said Amarenco managing director Declan Cullinane. "The investment will support the expansion of Amarenco’s renewable energy portfolio in Ireland, enable the development of additional solar farms, and reinforce the company’s role in advancing the country’s clean-energy transition and long-term energy security.”

The company says the €130m transaction will enable it to achieve structural financial autonomy within 24 months. "The paradigm shift currently reshaping the energy industry will inevitably accelerate consolidation across the sector. By strengthening our balance sheet, we are moving from a purely organic growth strategy to an active consolidation capability," said Amarenco president Alain Desvigne. "Amarenco is therefore well positioned to seize strategic acquisition and merger opportunities to strengthen its market positions and move further along the electron value chain.”