Private equity firm Ardian has reached an agreement to acquire renewable energy company Akuo, with plans to support its growth by financing the independent power producer’s renewable energy projects. Akuo, which specializes in wind power, photovoltaics, and storage, operates in key markets across Europe and both the Americas.
With a current portfolio of projects under development, Akuo aims to reach 5GW in production and storage capacity by 2030. The acquisition will help Akuo expand its international presence and accelerate innovation in response to future energy demands.
Benoit Gaillochet, co-head of Infrastructure Europe at Ardian, expressed confidence in the acquisition, stating: “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.”
Eric Scotto, co-founder of Akuo, also welcomed the deal, noting: “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.”
Ardian has been active in the renewable energy sector since 2007. Through its infrastructure funds, the firm currently manages over 8GW of thermal and renewable energy capacity across Europe and the Americas, with more than $35 billion under management.
The transaction is still subject to legal consultations with employee representative bodies and regulatory approvals before it can be finalized.
