Ardian confirms Akuo acquisition to expand clean energy in Paris

France-based Ardian, a global investment firm, has announced an agreement to acquire Akuo, an independent power producer , focused on wind, solar, and storage. Ardian planned to help Akuo grow and fund its current projects. The acquisition followed Akuo’s backing by ICG since 2022. Ardian managed over 8 GW of energy capacity and $35 billion in assets. Founded in 2007, Akuo operated in key European and American markets and had a production and storage capacity of 1.9 GW by the end of 2024, aiming for 5 GW by 2030. The deal remained subject to regulatory approvals and employee consultation procedures.