Category: Category 2

Today we are releasing our ESG 2021 report, Amarenco’s first sustainability report.

This is an important step in our drive for transparency, opening up the discussion about our mission and how we deliver on it to everyone.

Because our mission is to help our clients achieve carbon neutrality, increase their economic competitiveness and create additional sources of value for themselves and their local communities, while regenerating the earth’s ecosystem. 

This report is an annual gathering of our ESG projects and results that we want to involve as many people as possible.

Our teams are working hard to produce clean energy, reduce our footprint, remove asbestos, create wildlife habitat, improve our experience as employees and develop local communities.

That’s what we wanted to capture in this document, which is an initial summary of the highlights of 2021. We will soon focus on iconic and meaningful actions that shape the engagement and drive the attractiveness of our company.

Amarenco Group and SolarizEgypt announce the establishment of a new partnership in Egypt. This definitive agreement between both parties agrees that Amarenco shall acquire 74% of SolarizEgypt’s portfolio and co-develop 300MW of assets at an estimated budget of 4 billion Egyptian Pounds (255MUSD) in the next four years.
This Joint Venture between both parties is referred to as “SolarizEgypt | Amarenco & Co.”

This acquisition and partnership will leverage both companies’ strong knowledge and expertise to provide the best-in-class services to the Egyptian energy sector.
The new Joint-Venture will invest in developing Solar Energy projects in Egypt. As a result, clients will be offered a clean source of electricity at a discounted rate, which will help them be more competitive and reduce their carbon footprint.
Amarenco invested more than 500 million euros in Solar Development globally, and Solarize is already well-established and one of the market leaders in its segment. The synergies will allow the Joint-venture to consolidate its position within the industry.

” The Egyptian Energy market is one of the largest markets in Africa and MENA region with ambitious targets for a transition towards renewables and decarbonization. We at Amarenco are committed to investing heavily in the Egyptian market to provide the local community with cleaner, sustainable, and cheaper sources of electricity ” Yazan Faouri, Amarenco CEO in the Middle East & North Africa.

“We’ve seen time and time again that partnerships between strong local players that possess the market knowledge and depth coupled with international players that have the financial muscle and scaling expertise are where the magic happens. This partnership represents a milestone for the renewable sector and is a strong vote of confidence for FDI in Egypt.” Yaseen Abdel-Ghaffar-Founder of Solarize Egypt.

Amarenco, through Energie Développement (joint venture with TotalEnergies) wins the 13^th tranche of the CRE 4 call for tenders and strengthens its leading position in the French solar buildings market.

In total, more than 252 MWp were won on all the tranches of the CRE 4 call for tenders, launched in 2017.

Farm building, roofing, car park canopies, greenhouses, etc. No less than 194 different projects were won in the 13^th round of this call for tenders, with a total capacity of 57.5 MWp.

As a result, 20% of the awarded volumes were won, the largest capacity ever awarded in such a tender.

Olivier Carré, CEO Amarenco France, says “We are proud of the work of our teams and the results obtained over the last 4 years. But this work would be nothing without the recognition of the agricultural and industrial world, which for the last 4 years has enabled us to maintain our position as leader in the French market by entrusting us with their projects year after year.”

Amarenco and PSS have joined forces in Thailand to not only improve the economic competitiveness of Thai companies and Global companies with Thai footprint thanks to savings on energy bills but also to deploy climate resilient and climate mitigating agricultural infrastructures for the benefit of Thai farmers.

PSS, the most preferred and trusted partner for Solar photovoltaic Projects in Thailand and Amarenco Group, global leader in photovoltaic energy production, announce the signing of a joint-venture: PSS AMARENCO & CO. Through this JV, the two solar experts combine their expertise in order to implement 500 MWp over the next 3 to 5 years and to save.

Today, solar photovoltaic energy represents an increasingly important part of the world’s electricity production and is becoming the dominant source of energy.
This is because solar energy is one of the best decarbonising solutions to mitigate climate change while being the most competitive source of power generation. It also contributes to Thailand energy sovereignty and therefore long-term energy independence. Finally, by investing in solarized crop and livestock production infrastructures, also called “agri-pv infrastructures”, Thailand has also the potential to increase its food independence.
This is what PSS AMARENCO & CO stands for.

PSS is seeding the JV with a number of already successfully completed projects, notably Seacon Square rooftop which is the largest single roof in Thailand. Located in Bangkok, Seacon Square is a large indoor shopping mall that opened in 1994. The building is 500 metres long, making it one of the largest shopping malls in Thailand. The owners of Seacon Square will save ฿ 550,000,000 on their energy bills over the next 20 years thanks to the solarized rooftop and the top floor solarized carpark, while at the same time protect the vehicles of their clients from the heat during the summer!

From left to right: Sam Yamdagni (PSS CEO), Alain Desvigne (Amarenco Group CEO), Prote Sosothikul (Seacon Square Director)

Finergreen, financial advisor dedicated to renewable financing in Asia and globally, advised Amarenco on its C&I expansion in South East Asia.

Alain Desvigne, Amarenco Group CEO, states: « It is really amazing to be able to partner with Sam Yamdagni who is a successful serial entrepreneur and a previous corporate executive in several multinationals, as well as with his partner Prote Sosothikul, Seacon Square Director. I am also very excited to deploy our 15 bn Baht joint investment plan in Thailand thanks to this partnership – solar makes so much sense in this country!!! Such ‘glocal’ partnerships prove to be the winning strategy of Amarenco Group across Asia, Europe and Middle East. »

Davide Pacheco, Amarenco Group CFO, added: « We’re thrilled to unfold full sail our presence in Thailand with a solid partner. The PSS Amarenco partnership is a powerful combination, it strategically aligns both companies for the long-term by combining the strength of Amarenco Global footprint with PSS dedicated focus and expertise in the country. Another important milestone for Amarenco RE.Generation commitment and conviction.»

« We are extremely excited to have Amarenco as our JV partner. With deep expertise in PV, Storage, AgriPV, Wind etc and deep commitment Hydrogen and EV, Amarenco has a dynamic team highlighted by their engagement and agility to bring pioneering solutions that unify stakeholders to make strong ecological commitments. We are committed to the purpose of “RE.Generating Thailand with Green Power”.» said Sam Yamdagni, PSS CEO.

“Finergreen is proud to keep playing an active role in the solar C&I space year after year in South East Asia. The PSS/Amarenco partnership is a testimony of our capabilities to ally an exemplary local developer (PSS) with a European leader like Amarenco. Growth prospects are still huge for C&I in Thailand, and this JV is a prime example of that. We look forward to seeing it thrive.” declares Jade Relmy from Finergreen.

De gauche à droite: Sam Yamdagni (CEO de PSS), Davide Pacheco (Directeur Financier Amarenco Group)

Invited by 4p1000 Initiative at 4p1000day2021 during the COP26 in Glasgow, Eva Vandest, our Group Head of Public Affairs, presented Amarenco Group comitment for a solar power based economy engaged in regeneration of ecosystem earth through high ambition combining regeneration programs with Agrivoltaics, Solar and Battery infrastructures.

On Friday, October 22, following a working session at the Chamber of Commerce and Industry of the Tarn, MEPs Mr. Christophe Grudler and Ms. Valérie Hayer visited the headquarters of Amarenco France in Lagrave. They were accompanied by Mrs. Marie-Christine Verdier-Jouclas, deputy of the Tarn, and Mr. Michel Bossi, President of the CCI of the Tarn.

All the issues relevant to solar energy production were discussed, demonstrating the vitality of this key sector for a dynamic and innovative Europe in line with the objectives of the Paris Agreements and the European Green Pact :

❏ European industry and innovation

❏ Agrisolar, storage and hydrogen

❏ Life cycle and social and environmental impacts

❏ Project acceptability, financing costs and simplification of administrative procedures

Our sector is booming, but still under considerable stress due to the pandemic and its impact on the entire international supply chain and needs to be brought high on the political agenda.

Amarenco is an anchor shareholder of Solar Wadi – one of the first independent Omani power companies that invests in, builds and operates renewable energy power plants.

Solar Wadi, Madayn and Mubadrah signed an agreement to build a 100MW solar PV farm in Sohar Industrial City (SIC) to be implemented by next year.

The company plans to develop a combined capacity of circa 1GW of solar PV energy plants across Oman, according to Yazan Faouri, CEO of Solar Wadi.

“This project represents a strategic investment for Solar Wadi and is only the first in a number of investments planned for the Omani market which is targeted at a combined capacity of circa 1GW of solar PV energy plants across the Sultanate. With investments being made mainly in Madayn Renewable Energy Project initiative over all industrial cities and free zones under Madayn umbrella, along with a significant number of other Solar plants being developed for the wider C&I companies and governmental entities across a wide range of business sectors in the Omani Economy.”

“The aim of this initiative and collaboration is to enable us to work together in our combined efforts to deliver a sustainable, ecological, more economical, and socially conscious power solution for all Tenants at Sohar Industrial City from a Renewable Solar Energy source, in so doing contributing to the ambitions and goals of the Omani Governments and Oman Vision 2040.”

As part of the interministerial “Place au soleil” plan to increase solar power generation capacity in France, the Ministry of the Armed Forces launched a 3rd Call for Expressions of Interest (“AMI”) in February 2021. This AMI aims to make seven sites in metropolitan France available for the development of photovoltaic electricity production projects.

AMEL, a company created at the end of 2020 and equally owned by Amarenco France and Melvan, two companies specializing in the development, construction and operation of solar installations, won one of the sites proposed by the French Ministry of the Armed Forces. The 13.7-hectare site is located in the Coëtquidan military camp in Morbihan, France.

In 2024, once the administrative authorizations have been obtained, a ground-mounted photovoltaic power plant with a capacity of around 10 MWp will be commissioned. It will produce 12,735 MWh/year, the equivalent of the annual consumption of 2,670 households.

While contributing to the development of renewable energies in the French electricity mix, the energy supplied by this photovoltaic installation will avoid the emission of the equivalent of 815 tons of greenhouse gases per year. An area of nearly 3 hectares will be carefully managed to preserve and promote the development of fauna and flora.

Olivier CARRÉ, co-founder and Director of Operations of Amarenco France said: : “We are honored to win this ground project alongside Melvan. It is a testimony of our will, within the Amarenco Group, to be a player capable of offering a complete panel of photovoltaic solutions: buildings, roofs, greenhouses, parking shades and ground-mounted plants, as this success shows.”

De son côté, Laurent ALBUISSON, co-Fondateur et Président de Melvan, a déclaré : “Nous sommes très heureux d’avoir remporté ce projet avec notre partenaire Amarenco, dans un contexte particulièrement concurrentiel. Ce succès d’AMEL à un AMI national est la consécration d’une collaboration stratégique des partenaires, de très bon augure pour les futures mises en concurrence. Cette victoire consolide l’ambition de

For his part, Laurent ALBUISSON, co-founder and President of Melvan, said: “We are very happy to have won this project with our partner Amarenco, in a particularly competitive context. This success of AMEL in a national tender is the consecration of a strategic collaboration of the partners, which bodes well for future competitions. This victory consolidates Melvan’s ambition to become a major player in the solar industry in France in the coming years.”

After having accompanied the group’s initial development and success, the Amarenco flower is now being replaced by a new logo, which reflects the new dynamics of the company !