From pv journal in France

French renewables developer Akuo stated earlier this 12 months it had begun in search of a strategic accomplice, when it employed three banks – Nomura, Rothschild & Co, and Natixis Companions – to guage potential provides. to take. A number of funding funds, together with the funding arm of French power large TotalEnergies, have reportedly expressed curiosity, in accordance with a current report by The Introduced.

Earlier this 12 months, the founders of Akuo introduced their seek for financing to develop a 20 GW renewable power venture portfolio. To assist with this course of, the corporate engaged three banks – Nomura, Rothschild & Co., and Natixis Companions – to guage potential acquisition provides and their strategic worth.

Whole Energies, with €280 billion ($307.0 billion) in turnover in 2022 and recorded income of round €19.5 billion in the identical 12 months, is subsequently nicely positioned to rapidly full this acquisition, estimated at round €2 billion in Akuo. A deal would increase Whole Energies’ renewable portfolio, which has 1.6 GW of operational capability by January 2023, primarily via exterior development.

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