In 2020, Akuo posted sales of €285 million, up 9% on 2019.
2021 promises to be just as propitious.
In a press release, the French independent producer and distributor of renewable energy looks back on its results for 2020.
Akuo takes stock of 2020
Akuo announces sales of €285 million in 2020, up 9% on 2019.
The bulk of Akuo’s revenue comes from long-term buyouts of partly state-owned companies.
Business growth is driven by the performance of power plants commissioned in 2019 and during 2020.
TheFrench company also saw its energy sales grow by 12%.
At the end of 2020, the Group had 1,281 MW of electrical capacity in operation and under construction.
Combined with energy storage in service of 51 MWh.
Moreover, 65% of these projects are located outside mainland France.
Eight parks to be commissioned by 2020
In 2020, Akuo has commissioned a total of eight new projects, for a total capacity of 100 MW.
These include, in France, the solar projects Les Gabots (17 MW), Curbans (15 MW), Lherm (10.5 MW) and Ouaco (5 MW).
Akuo is also exporting abroad: the Kita project (50 MW) is currently the largest solar power plant in Mali.
The year 2020 is also marked by a number of Akuo projects: wind farms, solar farms and storage areas have multiplied.
While there are a number of smaller projects in France, the company is also behind major infrastructure projects worldwide.
These include wind farms in Poland (132 MW) and the Escalade wind farm in the USA (336 MW).
45 MW in Non-Interconnected Zones (ZNI)
The company has won 15 projects in the French overseas departments and territories (ZNI), following calls for tender issued by the French energy regulator, the Commission de Régulation de l’Énergie.
The French overseas departments and Corsica now have a total of 45 MW ofsolar power.
At the same time, Akuo has also equipped these territories with storage areas, worth a total of 90 MWh.
Launch of a participatory financing platform
In addition, these projects benefit from a participatory financing platform, enabling citizens, businesses and local authorities to invest in these power plants.
Since its creation in June 2020, the platform has enabled participation around 14 projects.
This represents a total of around €8 million.
Outlook for 2021
Following on from 2020, 2021 looks set to be an auspicious year for Akuo, in view of the many projects it has recently acquired.
These include five hydroelectric power plants (15.5 MW) in Bulgaria, and two Spanish solar projects with a capacity of 160 MW.
The group has also decided to divest its French biomass assets, in order to concentrate on solar andwind power.
