Amaranto partners CPEC Ananta to develop 200MW solar in India

December 13, 2016
Facebook
Twitter
LinkedIn
Reddit
Email
The firms currently have two projects with a combined capacity of 46MW under construction with the 200MW pipeline secured. Credit: Amaranto Group

Renewable energy firm Amaranto Group has signed a 50:50 joint venture agreement with Mumbai-based solar developer CPEC Ananta to build 200MW of solar PV projects in various Indian states over the next three to four years.

Rodolfo Bigolin, managing partner and chief executive of Amaranto Global Asset Management, the investment arm of Amaranto Group, told PV Tech that the firms currently have two projects with a combined capacity of 46MW under construction with the 200MW pipeline secured.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

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.”

Amaranto will act as project developer, EPC contractor, O&M provider, asset manager and investor.

To date, Amaranto has built over 200MW of PV projects in Europe and performs O&M and asset management services for more than 150MW. In recent years, Amaranto has also deployed more than €400 million of equity and debt in solar and biomass projects in Italy, Romania, Poland, India, Nigeria and the Dominican Republic.

In a release, Bigolin added: “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.”

A project under construction, Credit: Amaranto

Read Next

October 16, 2025
Jakson Green and Blueleaf Energy have reached financial close for the 840MWp Bikaner solar projects in Rajasthan, western India. 
October 15, 2025
Wood Mackenzie has warned of a supply bottleneck as the renewable energy shift drives a spike in global copper demand over the next decade.
October 15, 2025
Ciel & Terre has launched a new floating PV structure designed to address the increasingly large scale of floating solar projects.
October 15, 2025
Indian module manufacturer Saatvik Green Energy, through its subsidiary Saatvik Solar Industries, has secured solar PV module orders worth INR6.89 billion (US$78 million).
October 14, 2025
India has installed 4.9GW of residential rooftop solar capacity in the first half of 2025, according to a report by IEEFA and JMK Research.
October 10, 2025
NTPC Renewable Energy Limited has signed an MoU with the Government of Gujarat to develop 15GW renewable energy projects in Gujarat.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 21, 2025
New York, USA
Solar Media Events
November 25, 2025
Warsaw, Poland
Solar Media Events
December 2, 2025
Málaga, Spain
Solar Media Events
February 3, 2026
London, UK