Ardian plans acquisition of Akuo Energy

Ardian, a French private equity firm, has reached an agreement to acquire Akuo Energy, a prominent renewable energy producer specializing in wind power, solar photovoltaics, and energy storage. This acquisition aims to support Akuo's growth ambitions, with the company targeting a production and storage capacity of 5 GW by 2030, up from an expected 1.9 GW by the end of 2024. Ardian plans to leverage its expertise and financial resources to advance Akuo's numerous renewable energy projects across Europe and the Americas. The transaction is pending regulatory approvals and will involve consultation with employee representative bodies. Both Ardian and Akuo's leadership expressed confidence that this partnership will enhance innovation and operational efficiency to meet future energy demands. The deal highlights the ongoing trend of investment in renewable energy as the sector faces rising costs and supply-chain challenges.