Ardian, a global leader in private equity, has announced the acquisition of Akuo, an independent power producer specializing in renewable energy.
Founded in 2007 and backed by ICG since 2022, Akuo has established itself as a prominent player in renewable energy production. With a focus on wind power, photovoltaics, and energy storage, Akuo operates across key markets in Europe and the Americas. The company is deeply embedded in local communities, developing energy solutions that contribute to decarbonization and energy independence.
Akuo’s production and storage capacity is set to reach 1.9 gigawatts (GW) by the end of 2024, with ambitious plans to grow to 5 GW by 2030, supported by a strong pipeline of projects in development.
Through this acquisition, Ardian will apply its renewable energy sector expertise to drive Akuo’s continued expansion. Ardian’s involvement will provide the financial backing necessary to support Akuo’s growth and its portfolio of renewable energy initiatives.“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 industrialization and growth as part of the energy transition.” said Benoit Gaillochet, co-head of infrastructure Europe, Ardian.
“This acquisition is an excellent opportunity for Akuo, which will benefitfromArdian 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. Ardian is the ideal partner to continue the groundwork begun over 16 years ago by dedicated and committed teams. I would like to express my pride and gratitude to all the employees who have helped build what Akuo has become: a group of such quality is the fruit of the work of men and women who have pooled the best of themselves.” said Éric Scotto, co-founder of Akuo.
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