Private investment company Ardian has reached an agreement to acquire the French renewable energy group Akuo. Founded in 2007, and backed by ICG since 2022, Akuo is a specialist in wind power, solar PV and storage present in Europe and on both American continents with a production capacity of 1.9 GW (end of 2024), and it aims to reach 5 GW by 2030.
Ardian has been investing in renewable energies since 2007, positioning itself as a pioneer in the energy transition. Through Ardian's infrastructure funds, the company already manages over 8 GW of thermal and renewable energy capacity in Europe and the Americas and has more than US$35bn under management. Ardian expects to leverage its expertise in the renewable energy sector to support Akuo in its next phase of growth and provide the resources for the development of Akuo's renewable energy projects.
The transaction remains subject to the legal information and consultation process towards the relevant employee representative bodies, and to the authorization of the relevant regulatory authorities.
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