Founded in 2007, and backed by ICG since 2022 is specialised in wind power, photovoltaics and storage, The company is present in a dozen key markets in Europe and on both American continents. Anchored at the heart of local communities, the Akuo group develops local energy sources that contribute to decarbonization and energy independence goals.
Akuo’s renewable production and storage capacity is expected to reach 1.9 gigawatts (GW) by the end of 2024, with aims to reach 5 GW by 2030. This growth is supported by a robust portfolio of projects under development.
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Ardian will leverage its expertise in the renewable energy sector to support Akuo in its next phase of growth. As well as capitalising on the company's solid fundamentals to pursue growth ambitions, Ardian will also provide the necessary financial capacity for Akuo's numerous renewable energy projects.
Active in Europe and the Americas
“We are proud to be able to support Akuo in the next phase of its development. This transaction reflects our commitment to supporting high-potential entrepreneurial infrastructure platforms on their journey to industrialisation and growth as part of the energy transition,” said Benoit Gaillochet, Co-Head of Infrastructure Europe at Ardian, said.
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Ardian has been investing in renewable energies since 2007. Through Ardian's infrastructure funds, the team manages over 8 GW of thermal and renewable energy capacity in Europe and the Americas and has more than $35 billion under management.
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The transaction remains subject to the legal information and consultation process towards the relevant employee representative bodies, and to the authorisation of the relevant regulatory authorities. (hcn)
