Amaranto Holding spa bought Silver Ridge Italia srl, an Italian investment veichle controlled by Silver Ridge Power Llc. EthicalFin Limited was financial advisor for the deal (see here the press release).
Silver Ridge Power (former AES Solar) is an investment firm focused on solar plants investments founded in 2008 by US private equity firm Riverstone, focused on the energy sector, and AES Corporation, a global energy group listed at the NYSE. AES Corporation sold its stake in the joint venture in 2014 to SunEdison, in turn a renewable enrgy group listed at the NYSE.
In March 2017  Silver Ridge Power Italia had sold to Cubico Sustainable Investments a portfolio of 18 solar plants located in three Italian Regions (in Puglia, Lazio and Sicily), made of plants with a capacity in the range of 1 to 43 MW for a total capacity of 105.6 MW (see here a previous post by BeBeez).
Today the Silver Ridge’s internet site says that the group in Italy owns 24 solar platns for a total capacity of 130.2MW.
Thanks to this deal Amaranto Group, led by founder and ceo Antonello Amoroso, becomes one of Italy’s leading operators in the solar sector which is the group’s core business. However Amaranto group has been enlarging its activities over the years and it is now active in other sectors such as services to corporate businesses, food and restaurants, information technology, asset management.
