SUBSCRIBE
PROFILE

Ardian takes control of Akuo to accelerate its strategy in renewable energy

Investment firm Ardian has completed the acquisition of renewable energy producer Akuo, active in photovoltaics, wind and storage, with stated ambitions for international expansion and increased capacity.

Share:

Comprehensive energy news coverage, updated nonstop

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access • Archives included • Professional invoice

SUBSCRIBE - 99$/year

OTHER ACCESS OPTIONS

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

FREE ACCOUNT

3 articles offered per month

FREE

*Prices are excluding VAT, which may vary depending on your location or professional status

Since 2021: 35,000 articles • 150+ analyses per week

Alternative asset manager Ardian has announced the acquisition of Akuo, a French renewable energy producer, thereby strengthening its position in the energy infrastructure sector. Founded in 2007, Akuo had an installed capacity of 1.9 gigawatts (GW) by the end of 2024, distributed across photovoltaic, wind and energy storage assets. The financial details of the transaction were not disclosed.

International expansion and projected growth

According to the press release issued on 24 March, Akuo currently operates in around ten key markets across Europe, North America and South America. The company aims to increase its installed capacity to 5 GW by 2030, relying on operational optimisation and technological innovation. Ardian is expected to accelerate this trajectory through its financing capabilities and global asset network.

Strategic backing and investment track record

Since 2022, Akuo had been backed by Intermediate Capital Group (ICG), an asset management firm. Ardian, which currently manages USD177bn (approximately EUR163bn) across various segments including infrastructure and private debt, brings new scale to Akuo. This acquisition forms part of Ardian’s strategy to strengthen its portfolio of assets linked to the energy transition.

Ardian’s position in infrastructure

Ardian also holds a 32.6% stake in London Heathrow Airport, where it is the principal shareholder. The French investment firm has expanded its strategic asset holdings in recent years, particularly across the transport, energy and utility sectors.

  • Popular on energynews.pro
Post-CfD renewable assets expose investors to increased market risk
ExxonMobil freezes Baytown, major blow to US blue hydrogen sector
Grenergy multiplies its net profit by seven and surpasses €700mn in CAPEX
South Korea under pressure from the IEA to liberalise its electricity market
Iberdrola launches a public offer to acquire 100% of Neoenergia in Brazil
EDF considers selling its US renewables to finance domestic nuclear programme
EDF could sell up to 100% of its US renewables unit, valued at nearly €4bn ($4.35bn), to focus on French nuclear projects amid rising debt and growing political uncertainty in the United States.
Hydro to close five European extrusion sites to strengthen competitiveness
Norsk Hydro plans to shut down five extrusion plants in Europe in 2026, impacting 730 employees, as part of a restructuring aimed at improving profitability in a pressured market.
Dalkia wins control of Paris district heating network in €15bn, 25-year deal
The City of Paris has awarded Dalkia the concession for its urban heating network, a €15bn contract, ousting long-time operator Engie after a five-year process.
NU E Power finalises acquisition of 500 MW in assets and appoints new CEO
NU E Power Corp. completed the purchase of 500 MW in energy assets from ACT Mid Market Ltd. and appointed Broderick Gunning as Chief Executive Officer, marking a new strategic phase for the company.
BB Energy restructures Houston operations and cuts oil trading staff
Commodities trader BB Energy has cut over a dozen jobs in Houston and will shift some administrative roles to Europe as part of a strategic reorganisation.
Ferrari signs ten-year contract with Shell for green electricity supply
Ferrari has entered into an agreement with Shell for the supply of 650 GWh of renewable electricity until 2034, covering nearly half of the energy needs of its Maranello site.
Iberdrola reshapes its portfolio to become a leader in transatlantic regulated networks
By divesting assets in Mexico, France and Eastern Europe, Iberdrola reduces exposure to non-strategic markets to strengthen its positions in regulated networks in the United Kingdom, the United States and Brazil, following a targeted capital reallocation strategy.
Paratus receives $38mn payment in Mexico through government fund
Paratus Energy Services collected $38mn via its subsidiary Fontis Energy for overdue invoices in Mexico, supported by a public fund aimed at stabilising supplier payments.
CrossBoundary Energy raises $200mn with Standard Bank and MIGA guarantee for industrial projects in Africa
CrossBoundary Energy secures a $200mn multi-project debt facility, backed by Standard Bank and a $495mn MIGA guarantee, to supply solar and storage solutions for industrial and mining clients across up to 20 African countries.
Mercuria raises $2.3bn to strengthen its energy presence in Asia
Mercuria finalises an Asian syndicated loan refinancing with a 35% increase from 2024, consolidating its strategic position in the region.
Major US companies increase their presence at COP30 despite Washington
Sixty Fortune 100 companies are attending COP30, illustrating a growing disconnect between federal US policy and corporate strategies facing international climate regulations.
Tanmiah launches geothermal poultry site and signs three strategic energy agreements
Tanmiah Food Company signed three memorandums of understanding to reduce its emissions and launched the region’s first poultry facility cooled by geothermal energy, in alignment with Saudi Arabia’s industrial ambitions.
Subsea7 reports 27% increase in adjusted EBITDA in third quarter
Subsea7 posted higher operating profit and a record order backlog, supported by long-term contracts in the Subsea and Renewables segments.
Adnoc strengthens ties with China through new energy deals in Shanghai
Adnoc signed multiple agreements with Chinese groups during CIIE, expanding commercial exchange and industrial cooperation with Beijing in oil, gas and petrochemical materials.
Cenovus raises $2.6bn in bonds and announces debt buyback
Cenovus Energy completed a $2.6bn cross-border bond issuance and plans to repurchase over $1.7bn in maturing notes as part of active debt management.
Siemens Energy invests €2bn in transformer plants to secure growth
The German group is concentrating its industrial investments on Grid Technologies to expand capacity in a strained market, while maintaining an ambitious shareholder return programme.
Enerfip acquires Lumo and exceeds 50% market share in France
Enerfip completes its first external growth operation by acquiring Lumo from Société Générale, consolidating its position in France’s energy-focused crowdfunding market.
Schneider Electric signs $1.9bn deal to cool AI data centres
French group Schneider Electric will supply Switch with cooling and power systems for a major project in the United States, as energy demand driven by artificial intelligence intensifies.
PowerChina accelerates its investments in renewable energy in Africa
Chinese group PowerChina is strengthening its hydroelectric, solar and gas projects across the African continent, aiming to raise the share of its African revenues to 45% of its international activities by 2030.
Schneider Electric establishes new North American headquarters at Boston’s Winthrop Center
The French energy group triples its office space in Boston with a new headquarters featuring a customer experience centre and integrated smart technologies. Opening is scheduled for mid-2026.

All the latest energy news, all the time

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access - Archives included - Pro invoice

START - 99$/year

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

*Prices shown are exclusive of VAT, which may vary according to your location or professional status.

Since 2021: 30,000 articles - +150 analyses/week.