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France-based Ardian, a global investment firm, has announced an agreement to acquireAkuo, 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.
Ardian confirms Akuo acquisition to expand clean energy in Paris
Akuo, backed by ICG since 2022, was acquired by Ardian to expand its 1.9 GW capacity in Europe and the Americas with plans to reach 5 GW by 2030.
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