Ardian, a prominent private equity firm, has announced its agreement to acquire Akuo, an independent power producer focused on renewable energy. Established in 2007 and supported by ICG since 2022, Akuo has emerged as a significant player in the renewable energy sector, specializing in wind power, solar photovoltaics, and energy storage across Europe and the Americas.

Akuo aims to expand its production and energy storage capacity to 1.9 GW by the end of 2024, with a target of reaching 5 GW by 2030. This ambitious growth is backed by a robust portfolio of ongoing projects that align with global decarbonization and energy independence goals.

Ardian plans to utilize its extensive experience in the renewable energy field to assist Akuo in its growth trajectory. The firm will not only build on Akuo's existing strengths but also provide the financial resources necessary for the company's various renewable energy initiatives.

Since 2007, Ardian has been actively investing in renewable energy, establishing itself as a leader in the energy transition. The firm currently manages over 8 GW of thermal and renewable energy capacity across Europe and the Americas, with more than $35 billion in assets under management.

The acquisition is pending legal consultations with employee representatives and approval from relevant regulatory authorities.

For further insights into the renewable energy sector, readers can explore the latest issue of Energy Global magazine, which features a range of topics including electrical infrastructure and solar developments.