Amaranto Group signs an agreement with CPEC Ananta to build 200MW solar PV projects: Report

Amaranto Group has reportedly signed a joint venture agreement with Mumbai-based solar developer CPEC Ananta to build 200MW of solar projects across India in next four years.

Rodolfo Bigolin, managing partner and chief executive of Amaranto Global Asset Management, speaking to PV Tech said “the firms currently have two projects with a combined capacity of 46MW under construction with the 200MW pipeline secured. “He added: “We are aiming to have all the projects under a PPA with a utility or central government. We have some PPAs already in place with utilities.”

Under the joint venture agreement, renewable energy firm Amaranto Group’s role will be to provide , O&M, work as EPC contractor, investor and project developer.

Bigolin in a press statement said “This is the confirmation that full integration is a very attractive business model for the emerging markets. Our reshaped and innovative co-investment model is becoming always more and more attractive for investors, which are looking to mitigate risks by having a fully aligned partner.”