Ardian agrees to acquire French renewable energy company Akuo

Private equity steadfast Ardian has signed an statement to get Akuo, a French renewable vigor producer, for an undisclosed amount.

Set up successful 2007 and backed by ICG since 2022, Akuo specialises successful upwind power, photovoltaics and vigor storage.

Ardian plans to utilise its expertise successful the renewable vigor assemblage to enactment Akuo successful achieving its maturation objectives.

Akuo operates successful galore cardinal markets crossed Europe and the Americas, focusing connected section vigor sources that lend to decarbonisation and vigor independence.

Its accumulation and retention capableness is projected to scope 5GW by 2030 from 1.9GW by the extremity of 2024, supported by a portfolio of projects nether development.

Ardian besides plans to supply the indispensable fiscal capableness to enactment Akuo's renewable vigor projects.

Ardian co-head of infrastructure Europe Benoît Gaillochet stated: “We are arrogant to beryllium capable to enactment Akuo successful the adjacent signifier of its development. This transaction reflects our committedness to supporting high-potential entrepreneurial infrastructure platforms connected their travel to industrialisation and maturation arsenic portion of the vigor transition.”

The backstage equity steadfast has been investing successful renewable energies since 2007 and via its infrastructure funds present manages much than 8GW of thermal and renewable vigor capableness successful Europe and the Americas, with $35bn nether management.

The transaction is taxable to the ineligible accusation and consultation process with applicable worker typical bodies and requires authorisation from regulatory authorities.

Akuo co-founder Éric Scotto stated: “This acquisition is an fantabulous accidental for Akuo, which volition payment from Ardian arsenic a semipermanent spouse to enactment its adjacent signifier of growth. It volition alteration Akuo not lone to streamline its concern and grow its planetary presence, but besides to innovate much rapidly to conscionable tomorrow's vigor challenges.

“Ardian is the perfect spouse to proceed the groundwork begun implicit 16 years agone by dedicated and committed teams. I would similar to explicit my pridefulness and gratitude to each the employees who person helped physique what Akuo has become: a radical of specified prime is the effect of the enactment of men and women who person pooled the champion of themselves.”

In 2024 Ardian and Spanish renewable vigor institution Solarpack dissolved their associated venture, which owned 89.3MW of star plants successful Latin America.

Ardian past took afloat ownership of 3 star plants successful Chile totalling 26.5MW and the 22.2MW Tacna star works successful Peru.

"Ardian agrees to get French renewable vigor institution Akuo" was primitively created and published by Power Technology, a GlobalData owned brand.