Amarenco bought Spectrum

Impartial Franco-Irish group Amarenco, a producer of inexperienced vitality on three continents, has acquired Jordan’s main renewable vitality firm Spectrum Worldwide to strengthen its presence within the Center East and North Africa .

The corporate can be rebranded as Amarenco Jordan after the acquisition because it turns into the principle platform for the MENA division of Amarenco in Jordan, which has set a goal capability of 200 MW by means of this newest acquisition. – declare.

Amarenco additionally acquired all of Spectrum’s present and pipeline tasks. The Amman-based firm has developed a number of photo voltaic tasks in Jordan for industrial and industrial customers underneath the build-operate-transfer mannequin, the place a non-public firm builds and operates a solar energy plant in a sure time frame. After the development and operation interval, possession and management of the mission can be transferred to the federal government or one other designated proprietor.

The acquisition follows a €300 million ($329.4 million) funding that Amarenco acquired from Arjun Infrastructure Companions in March.

This content material is protected by copyright and is probably not reused. If you wish to cooperate with us and wish to reuse a few of our content material, please contact: [email protected].