A news that is testament to the consolidation of the European photovoltaic market and the increased economies of scale required by large asset managers to provide value-for-money, high quality asset management services in the renewable energy space.

In the past weeks, Amaranto Holding S.p.A. has successfully completed the acquisition of Silver Ridge Italy S.r.l., which is the Italy-based asset management company of Silver Ridge Power LLC.

Following this acquisition, Amaranto emerges as one of the leading photovoltaic asset management companies in Italy.

EthicalFin (headquarters in London, offices in Milan and Rome) acted as an advisor on the transaction.

Antonello Amoroso, CEO and Founder of Amaranto Group, said: «We are thrilled at the opportunity to expand our European franchise for the development and asset managementin the renewable energy sector, offering an ever growing standard of service to both Italian and international clients. This transaction is an important stepping stone for our continued growth. We pride ourselves of offering our clients a high valued added, end-to-end service covering the entire chain of the process to ensure the highest possible performance for their plants. We can achieve this for a wide range of different types of clients, thanks to our ability to understand their needs and requirements and to the multi-skills and multi-activities of our team, which is further strengthened by this acquisition».

Alessandro Mele, Founder and CEO of EthicalFin, stated: «This transaction is just another example of how focusing on people and the environment can lead to win-win-win results».