Akuo Set for Growth as Ardian Finalizes Acquisition
Deal News | Mar 24, 2025 | Intermediate Capital Group (ICG)
Akuo, a prominent renewable energy company, is set to accelerate its development following its acquisition by Ardian, a leading private equity firm. Ardian has agreed to acquire Akuo to further align with its energy transition goals. Akuo, established in 2007, has expanded into a major player in wind power, photovoltaics, and energy storage across multiple markets worldwide. By the end of 2024, Akuo's production and storage capacity is expected to reach 1.9 GW with an aspiration to amplify it to 5 GW by 2030. Ardian plans to provide financial and strategic support to fuel Akuo's growth. The transaction underscores Ardian's commitment to advancing renewable energies, building on its existing portfolio of over 8 GW of thermal and renewable energy capacities. The deal still awaits regulatory approvals.
Sectors
- Renewable Energy
- Private Equity
- Infrastructure Investment
Geography
- Europe – Both Akuo and Ardian have a substantial presence and strategic investments in Europe, aligning with regional energy transition goals.
- Americas – Akuo and Ardian both have operations and energy projects in the Americas, symbolizing a broad geographic reach.
- France – Akuo is headquartered in Paris, France, making it a key geographical focus in the acquisition deal.
Industry
- Renewable Energy – Akuo specializes in renewable energy, focusing on wind, solar, and storage solutions, contributing significantly to decarbonization and energy independence efforts.
- Private Equity – Ardian is a leading private equity firm acquiring Akuo to expand its investment in the renewable energy sector.
- Infrastructure Investment – ICG, a previous backer of Akuo, operates within the infrastructure investment domain, providing strategic capital for growth.
Financials
- $35 billion – Assets under Ardians management in renewable energies.
- $107 billion – Assets under ICG's management.
- 1.9 GW (by end of 2024), 5 GW (by 2030) – Projected production capacity by Akuo in renewable energy.
- €4.0 billion – Assets managed by ICG Infra team in Europe.
- $177 billion – Ardian's total assets under management.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Akuo | Target Company | Company | A French independent producer of renewable energy, specializing in wind, solar, and storage. |
| Ardian | Bidding Company | Company | A global private investment house involved in acquiring Akuo to enhance its renewable energy portfolio. |
| Intermediate Capital Group (ICG) | Selling Company | Company | A previous backer of Akuo, involved in infrastructure strategy and growth investment. |
| Penelope Dietsch | Managing Director, ICG Infrastructure Strategy | Person | Involved in commenting on the contribution to Akuo's success under ICG's investment. |
| Eric Scotto | Co-Founder, Akuo | Person | Provided insights on Akuo's vision and growth plans following the acquisition. |