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- December 2011: Vol. 4, Number 11

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Akuo Tops $1 Billion After Solar Purchase

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French alternative power developer Akuo Group has added two solar farms to its $1 billion renewable energy portfolio. The Broussan and Chateau solar projects are both located in southern France and have the capacity to produce a combined 5.89 megawatts. With the purchase, Akuo has now invested more than $1 billion in renewable power assets in solar, wind and biomass sectors since its formation in 2008.

The company’s investment fund — Akuo Investment SICAR — financed most of the projects, with other funds advised by Akuo Investment Management.

 

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