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Taranis Investments Acquires Akuo’s African Branch

Taranis Investments, a subsidiary of the Perenco group, acquires Akuo's African branch to strengthen its Energy for Africa fund. The deal includes key projects such as the Kita solar farm in Mali.

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Taranis Investments, an investment and asset management company of the Perenco group, has announced the acquisition of the African branch of Akuo, an international player in renewable energy. This strategic acquisition is part of the development of Taranis’s Energy for Africa fund, aiming to enhance its portfolio of local projects and technical expertise.

The transaction includes the Kita solar farm in Mali, the largest installation of its kind in the country, with a capacity of 50 MW, commissioned in 2020. Additionally, this acquisition brings Taranis the expertise of Akuo’s teams, specialized in the development, design, and management of solar, hybrid, and wind energy projects. These experts will ensure effective management tailored to local needs, combining contractual monitoring with optimized partnerships.

A Strategic Expansion in Africa

Faced with growing energy demand in Africa, this acquisition represents a major milestone for Taranis. Emmanuel Colombel, Managing Director of Taranis, emphasized that this move strengthens the company’s role in the continent’s energy transition. He also noted that integrating Akuo’s projects will contribute to developing sustainable and innovative energy solutions tailored to local specificities.

The Kita solar farm, in particular, exemplifies Taranis’s strategy to invest in impactful infrastructure. This project highlights the company’s commitment to expanding access to renewable energy in Africa.

A Repositioning for Akuo

For Akuo, this sale aligns with a strategy of geographic refocusing on key markets, including Europe, the United States, and Latin America. Eric Scotto, President and co-founder of Akuo, expressed satisfaction regarding the future of African projects under Taranis’s management. He thanked Akuo’s teams for their work on these high-impact initiatives.

This transaction was facilitated with the support of several advisors. Echosys Advisory and De Gaulle Fleurance assisted Akuo, while Jones Day represented Taranis.

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