Image: Avi Waxman, Unsplash
Private Equity company Ardian Infrastructure, based in France, has agreed to acquire the French independent electricity producer Akuo for an unknown amount.
“Thanks to his entrepreneurial spirit and constant dedication to innovation, the production and storage capacity of AKUO is expected to be reached by the end of 2024 1.9 GW, with the objective of reaching 5 GW by 2030,” Ardian said in a statement, and noted that the statement Transaction must be approved by Relevant regulatory authorities.
“Founded in 2007, and supported by ICG since 2022, Akuo has become an important player in the production of renewable energy,” it added, without providing further details.
London -based asset manager ICG agreed to acquire a 96% interest in Akuo in 2022.
In July 2022, Ardian agreed to gain a majority stake in the Renewable Energy Energy unit of Groupe Casino, Greenyellow. At the time, the value of Greenyellow was estimated at around € 1.4 billion ($ 1.51 billion). Prior to the transaction, Groupe Casino had a 72.3% interest in Greenyellow, while the remaining share was owned by the French Public Investment Bank BPifrance and asset manager Tikehau Capital, based in Paris.
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