Akuo Group Buys Solar Farms

French producer of electricity from renewable energy Akuo Energy has acquired Broussan and Château, two solar farms in the Gard region of France. These two acquisitions, with a total installed capacity of 5.89 MW, take Akuo Group‘s investment in renewable energy infrastructure to the one billion dollar mark.

PRESS RELEASE

Akuo Group buys two solar farms taking its investment in renewable energy infrastructure to the one billion dollar mark
Akuo Energy has acquired Broussan and Château, two solar farms in the Gard region of France. These two acquisitions, with a total installed capacity of 5.89 MW, mark the symbolic threshold of one billion dollars of projects by the Akuo Group.
Since its creation in 2008 the Akuo Group has sponsored the development, construction and acquisition of solar, wind and biomass farms for a total amount of one billion dollars. Akuo Investment SICAR financed the majority of those projects and other funds advised by Akuo Investment Management.
“Given the tough economic context during the past four years, we are very happy and proud to have achieved the group’s first financial milestone”, says Eric Scotto, CEO of Akuo Energy.
Akuo Investment Management (AIM): AIM is a global fund management and advisory group specializing in the creation of social and financial value through renewable energy investments.
Akuo Energy is a private French producer of electricity from renewable energy. It develops, finances, constructs and operates a range of electrical power plants. Geographically, 50% of Akuo Energy’s activity is in Europe and Turkey, 30% in the United States, 20% is in South America.
Akuo Group
With more than 70 team members, the group has a foothold in 10 countries: France, Italy, Poland, Croatia, Bulgaria, Turkey, Morocco and the United States.