Akuo: A New Chapter Under Ardian's Guidance as Renewable Energy Pioneer

Ardian has announced an agreement to acquire Akuo, a prominent independent power producer specializing in renewable energy. Akuo, backed by ICG since 2022, has established itself as a leader in the renewable energy sector, with a production target of 1.9 GW by the end of 2024 and plans to expand to 5 GW by 2030. This transaction is strategically aimed at accelerating Akuo's growth while reinforcing Ardian’s commitment to the energy transition. Ardian intends to leverage its extensive expertise in renewable energies to bolster Akuo’s development and to support its ambitious growth objectives, while maintaining the company’s robust project pipeline. The acquisition is viewed as a means to enhance Akuo’s operational capabilities and international presence. This move underpins Ardian’s longstanding focus on infrastructure investment, managing over $35 billion in assets, and aligns with its larger strategy transitioning towards sustainable energy solutions. The deal is subject to regulatory approvals and employee consultations.