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Akuo

Global agrivoltaic solar energy provider

Overview

Akuo Energy develops renewable energy projects worldwide by pairing solar power with agricultural practices (agrivoltaics) and using battery storage to boost reliability. It operates in 20+ countries, serving communities, governments, and businesses, and aims to create local jobs and promote organic farming. The solar installations generate daytime electricity, and batteries store surplus for energy independence and resilience. Its goal is to accelerate regional deployment of renewable energy, support climate action, and strengthen local economies through diversification and agrivoltaics.

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About Akuo

Simplify's Rating
Why Akuo is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Industrial & ManufacturingEnergy

Company Size

501-1,000

Company Stage

Debt Financing

Total Funding

$213.4M

Headquarters

Paris, France

Founded

2007

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Simplify's Take

What believers are saying

  • May 21, 2026 results showed 2.1GW operating and under construction, up from 1.9GW.
  • Akuo signed a June 19, 2025 Texas PPA with Imerys for 153GWh yearly output.
  • December 12, 2025 crowdfunding raised €5.156 million for three Côte-d'Or agrivoltaic projects.

What critics are saying

  • Akuo posted a -€70 million 2024 net loss, driven by financing costs.
  • Bond redemptions cut debt, yet €288 million still remained outstanding by August 2025.
  • Taranis bought Akuo's Africa branch, shrinking geographic diversification and exposing Europe, US, Latin America dependence.

What makes Akuo unique

  • Ardian-backed Akuo gained capital, leadership, and scale after July 4, 2025 acquisition.
  • Akuo pairs solar, wind, storage, and agrivoltaics across Europe and the Americas.
  • SantasBAT in Portugal combines 181MW solar with 220MWh storage, deepening system integration.

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Funding

Total Funding

$213.4M

Above

Industry Average

Funded Over

1 Rounds

Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Debt Funding Comparison Coming Soon

Benefits

  • Remote Work Options

Growth & Insights and Company News

Headcount

6 month growth

2%

1 year growth

3%

2 year growth

3%
Kizhakedath Media Services Pvt. Ltd.
Oct 9th, 2026
Renewable energy news: Stryten Energy, Dos Grados, Doral Renewables.

Renewable energy news: Stryten Energy, Dos Grados, Doral Renewables. October 9, 2026 The latest renewable energy news includes announcements on Stryten Energy, Dos Grados, Doral Renewables, and others. Stryten Energy Secures $650 Million Loan for C&D Trojan Battery Acquisition Discover more Renewable energy Learn Engineering US battery manufacturer Stryten Energy has secured a $650 million term loan led by Silver Point Capital to support its acquisition of C&D Technologies and Trojan Battery Company. The acquisition closed on October 1, 2026, with the financing details announced subsequently. Stryten is backed by Atlas Holdings, while C&D Trojan was previously owned by KPS Capital Partners. The combined business operates 18 battery manufacturing and component facilities across the United States, Mexico and China, employing approximately 4,800 people. Its products include advanced lead, lithium and vanadium flow batteries serving industrial, transportation, telecommunications, data-centre and energy infrastructure customers. Stryten plans additional investment in domestic manufacturing and battery technology development. Dos Grados Acquires More Than 500 MW of Solar Projects from Akuo in Spain Spanish renewable-energy developer Dos Grados has signed an agreement to acquire three solar photovoltaic projects exceeding 500 MW from French renewable-energy company Akuo. The projects are in early development across Castilla y León and Andalusia. Founded in 2019, Dos Grados already operates approximately 600 MW of renewable-energy assets across Spain and Portugal, including solar, wind and storage facilities. The acquisition substantially increases its Spanish solar development pipeline. Dos Grados intends to advance permitting and development while considering project designs that accommodate agricultural and other land uses. Akuo is transferring projects it developed during the early stages. The companies did not disclose the purchase consideration, individual project capacities or expected construction schedules. Discover more Electricity Switch Power Plans wind-energy Doral Renewables Brings 900 MW of Mammoth Solar Project Close to Commercial Operation US solar developer Doral Renewables has completed major construction work on 900 MWac of additional capacity at its Mammoth Solar complex in Pulaski County, Indiana. The milestone covers the Mammoth South, Mammoth Central I and Mammoth Central II phases, which are approaching commercial operation. Together with previously developed capacity, the wider project will reach approximately 1.3 GW. Construction of the three latest phases took approximately 18 months, employing around 1,800 workers at peak activity. Installation teams achieved a maximum deployment rate of approximately 20,000 solar panels daily. Doral worked with Bechtel and equipment supplier Nextpower. The developer is also exploring agricultural activities, including livestock grazing and specialty crops, alongside solar generation.

Power Technology
Mar 27th, 2026
Akuo to construct 220MWh SantasBAT storage system in Portugal.

Akuo to construct 220MWh SantasBAT storage system in Portugal. The project is expected to become operational by Q2 2027. French renewable energy producer Akuo has announced plans to construct a battery energy storage system (BESS) with an 80MW power capacity and 220MWh of energy storage in Borba, Portugal. The system will integrate with the existing Santas photovoltaic (PV) plant and is expected to become operational by the second quarter of 2027 (Q2 2027). The SantasBAT project has received nearly €15m ($17.32m) in funding from the PRR - Recovery and Resilience Plan, part of the NextGenerationEU framework. This financial support is intended to accelerate the development of energy storage technologies, strengthening the sustainability and resilience of Portugal's electricity grid. Operational since September 2024, the Santas solar plant currently has an installed capacity of 181MW. The integration of SantasBAT will allow the plant to store excess energy generated during daylight hours for use when demand peaks or solar output drops. This storage capability is comparable to meeting the electricity demands of a city such as Évora for approximately five hours. SantasBAT aims to optimise the use of renewable energy generated at the Santas plant while strengthening supply security and reliability by smoothing the inherent fluctuations in renewable output. This initiative supports Portugal's goal of reaching 85% renewable energy in total electricity generation by 2030, advancing energy independence and decarbonisation efforts. During the construction phase, which runs until mid-2027, Akuo has committed to minimising local impacts, focusing on community safety and respect. Akuo Portugal CEO João Macedo said: "SantasBAT will be a significant instrument for the energy transition that Portugal has been striving to promote within its electricity grid. "Energy storage is a natural next step as renewable capacity grows. By providing essential ancillary services and enabling the shift of electricity generated during the day to periods of higher demand, storage helps reduce reliance on fossil fuels, supports greater integration of renewables and strengthens Portugal's energy independence." Give your business an edge with its leading industry insights.

Energy Global
Mar 26th, 2026
Akuo to build 220 MWh battery at Santas solar PV plant.

Akuo to build 220 MWh battery at Santas solar PV plant. Published by Abby Butler, Editorial Assistant Energy Global, Thursday, 26 March 2026 11:00 Akuo, a global renewable energy player, is set to commence construction of SantasBAT, a battery energy storage system (BESS) with a capacity of 80 MW of power and 220 MWh of energy storage. Located in Borba, Portugal, the BESS will be integrated Akuo's Santas photovoltaic (PV) plant. This strategic project, crucial for Portugal's national energy transition, is scheduled for completion in 2Q27. SantasBAT has secured financial support of nearly €15 000 000 from the Recovery and Resilience Plan, under the NextGenerationEU framework, dedicated to investment in energy storage technologies. This funding will be instrumental in developing infrastructure that enhances the sustainability and resilience of the Portuguese electricity grid. Integrated into the Santas solar plant, which has been operational since September 2024 and currently boasts 181 MW of installed capacity, the SantasBAT system will enable the storage of clean electricity produced during the day, for use during periods of higher demand or when solar production is lower. The capacity of this battery is equivalent to the electricity required to power a city like Évora for approximately five hours. João Macedo, CEO of Akuo in Portugal, commented: "SantasBAT will be a significant instrument for the energy transition that Portugal has been striving to promote within its electricity grid. Energy storage is a natural next step as renewable capacity grows. By providing essential ancillary services and enabling the shift of electricity generated during the day to periods of higher demand, storage helps reduce reliance on fossil fuels, supports greater integration of renewables, and strengthens Portugal's energy independence." The benefits of this new storage system will be manifold. In addition to enabling optimal utilisation of the energy generated by the Santas plant, it also contributes to the security and reliability of supply by mitigating fluctuations inherent in renewable energy production. Concurrently, SantasBAT minimises the loss of renewable energy during periods of excess production and strengthens the country's energy independence and its leadership in decarbonisation, aligning with Portugal's goal of achieving 85% renewable energy in its total production by 2030. Throughout the construction period, scheduled until 2Q27. Akuo will ensure the implementation of all necessary measures to mitigate local impacts, with a special focus on safety and respect for the community. Akuo thus reaffirms its role as a strategic partner to local communities in developing a greener and more efficient energy future. For more news and technical articles from the global renewable industry, read the latest issue of Energy Global magazine. The first issue of 2026 is here! The Spring issue starts with a report about price cannibalisation, and the effects on the renewable energy industry before moving on to articles on topics including electrical infrastructure, solar optimisation, and site surveys and mapping, with contributors from industry leaders such as CESI SpA, APEM Group, North Star, and more - don't miss out! Thursday 26 March 2026 15:00 Vestas has announced plans to establish a nacelle and hub factory in Scotland, the UK, to meet growing demand for offshore wind in the UK and Europe. Embed article link: (copy the HTML code below):

SolarQuarter
Jul 4th, 2025
Akuo Announces Acquisition by Ardian and Appointment of Bruno Bensasson as CEO

Akuo announces acquisition by Ardian and appointment of Bruno Bensasson as CEO.

Fusacq
Dec 18th, 2024
Taranis acquires Akuo's Africa branch

Taranis Investments, part of the Perenco group, has acquired the Africa branch of Akuo, a renewable energy developer. This strategic acquisition enhances Taranis's Energy for Africa fund by integrating Akuo's local projects and expertise, including the 50 MW Kita solar farm in Mali. The move allows Akuo to focus on key markets in Europe, the US, and Latin America. Echosys Advisory and De Gaulle Fleurance advised Akuo, while Jones Day advised Taranis.

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