TotalEnergies potentially interested in acquiring Akuo
10 May 2023

Read the full original article here from pv magazine

A number of entities, including the investment unit of TotalEnergies, are interested in the planned sale of Akuo, according to French media reports.

French renewables developer Akuo said earlier this year that it had started looking for a strategic partner, when it hired three banks – Nomura, Rothschild & Co, and Natixis Partners – to assess potential takeover offers. Several investment funds, including the investment arm of French energy giant TotalEnergies, have reportedly expressed interest, according to a recent report in L’Informé.

Earlier this year, the founders of Akuo announced their search for financing to develop a 20 GW renewable energy project portfolio. To assist in this process, the company has engaged three banks – Nomura, Rothschild & Co., and Natixis Partners – to evaluate potential takeover offers and their strategic value.