Ardian has announced the acquisition of Akuo Energy of France for an undisclosed amount
Akuo’s current installed production and storage capacity stands at 1.9 GW
Ardian’s financial support will help it advance its 12 GW project pipeline
French renewable energy company and independent power producer (IPP) Akuo Energy has reached an agreement to be acquired by private equity firm Ardian for an undisclosed amount.
Ardian says it will leverage its expertise in the renewable energy sector to support Akuo in its next phase of growth. Akuo goes to Ardian with its 1.9 GW production and storage capacity in several European and American markets as of the end of 2024.
The French company targets expanding its capacity by another 5 GW of wind, solar PV and energy storage by 2030. It touts a project pipeline portfolio of 12 GW. Akuo plans to capitalize on Ardian’s financial prowess to achieve the target. The transaction is subject to regulatory authorization and consultation with relevant employee representative bodies.
“This acquisition is an excellent opportunity for Akuo, which will benefit from Ardian as a long-term partner to support its next phase of growth. It will enable Akuo not only to streamline its business and expand its international presence, but also to innovate more rapidly to meet tomorrow's energy challenges,” said Ardian’s Co-Head of Infrastructure Europe, Benoit Gaililochet.
Currently, Ardian manages over 8 GW of thermal and renewable energy capacity in Europe and the Americas. In France, it is also invested in the renewable energy company GreenYellow.
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