Wednesday 17 October 2018

Energy firm Amarenco is top bidder in French solar auction

Irish renewable energy firm Amarenco has emerged as the number one buyer in French tariff auctions for 'Solar Barns'. The company won a total of almost 36MW of capacity either in its own right or in partnership with Total Solar. Photo: Stock picture
Irish renewable energy firm Amarenco has emerged as the number one buyer in French tariff auctions for 'Solar Barns'. The company won a total of almost 36MW of capacity either in its own right or in partnership with Total Solar. Photo: Stock picture
Donal O'Donovan

Donal O'Donovan

Irish renewable energy firm Amarenco has emerged as the number one buyer in French tariff auctions for 'Solar Barns'. The company won a total of almost 36MW of capacity either in its own right or in partnership with Total Solar.

It takes Amarenco's total auction wins in the last year to nearly 80MW in France where the total constructed value of these projects will be €140m, the company said.

The so-called Solar Barn projects are located in the south of France and Corsica. They are almost exclusively built for the agriculture sector and solar developers compete for French auctions every three months.

"Amarenco's French division will construct the barns. The company is seen as a significant contributor to France's solar and overall renewable energy sector and our presence and credibility continues to grow in the market," said John Mullin, the Amarenco chief and former Bord Gáis boss.

Group turnover will be in excess of €50m in 2018, he said.

Amarenco, and other renewable operators, meanwhile continue to wait for the Irish Government to publish its final Renewable Subsidy, he said.

"The Irish Government could learn a lot from France," he said.

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