Private equity firm Ardian has reached an agreement to acquire French renewables developer Akuo Energy for an undisclosed sum.
Ardian plans to finance and speed up the development of Akuo’s next phase of renewable energy projects, it said.
The deal is still “subject to legal information and consultation processes”, and “authorisation of relevant regulatory authorities”.
The developer had a 1.9GW portfolio of wind, solar and storage projects at the end of 2024. It aims to reach 5GW by 2030.
Akuo co-founder Éric Scotto said the acquisition is an “excellent opportunity” for the company, and will enable it to streamline the business and expand its international presence.
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