New alliance between Akuo Energy and the EIB to implement the energy transition
The EIB is continuing its partnership with Akuo Energy for a new programme of European renewable energy projects totalling €330 million of investment.
Specialist in financing renewable energy projects, Natixis Energeco has reiterated its immediate support for the operation.
Akuo Energy is the leading French independent renewable energy power producer. Akuo Energy is present across the whole value chain, including project development, financing, construction, and operation. As of end-2016, Akuo Energy had invested USD 1.9 billion for a total capacity of 1.1 GW in operation and under construction and over 2 GW in projects being developed. The Group’s energy sales over this period totaled EUR 173 million. With to date more than 340 staff, the Group, whose headquarters are in Paris, France, operates in 13 other countries around the world: the United States, Uruguay, Indonesia, Turkey, Poland, Croatia, Australia, Luxembourg, Mongolia, Dominican Republic, Mali, Bulgaria and Dubai. Akuo Energy aims to have a global production capacity of 3,500 MW in 2022.
For more information please visit www.akuoenergy.com
The European Investment Bank (EIB) is the long-term lending institution of the European Union owned by its Member States. It makes long-term finance available for sound investment in order to contribute towards EU policy goals.
CIC is a major player in the project finance sector and has developed strong expertise in the financing of infrastructure and energy, particularly renewable, in France but also abroad. The group is positioning itself as an arranger on a large number of renewable energy projects: today its portfolio of operations in this sector amounts to one billion euros. CIC has positioned itself very early on the ENR sector: the first financing operation was carried out at the beginning of 2005. As part of its CSR policy, CIC now supports its customers in their fields of activity related to the energy transition. The CIC strategy is to favor operations fully integrated in the regions, for example, in the wind sector, by ensuring that the landscape impact is studied in a fully concerted manner with the local populations, in the solar sector, by selecting projects on non-agricultural lands, such as industrial sites in rehabilitation.
Press Relations, Natixis
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