Paris, December 6, 2024 - Akuo, an independent renewable energy power producer and developer present in more than 20 countries, announces the success of a new Green Bond issuance for a total of 194 million euros.

Euro PP Green Bond financing of 194 million euros 

This is the eleventh such issue carried out by the Group since 2013. The amount raised via the bond issue was an unprecedented 194 million euros and will enable the Akuo Group to accelerate the development of its projects. 

The issue was carried out among long-standing partners of Akuo Green Bonds but was also able to attract new institutional investors. This illustrates market players’ continuing strong interest in financing the green economy, thus contributing to the acceleration in the energy transition that has become a priority.

Through this operation, investors have demonstrated their trust in the orientations adopted by the Group in recent months and validated the coherence and credibility of the business strategy.

The senior unsecured bonds were placed exclusively with qualified investors in the European Union as part of a public offering exempt from the obligation to publish a prospectus, as defined in and in accordance with Regulation (EU) n°2017/1129 of June 14, 2017. The bonds are listed on the Euronext Access market managed by Euronext in Paris (ISIN:  FR001400U538). 

The purpose of the proceeds of these issues is to finance green energy production or storage facilities in accordance with the Group’s development strategy. Akuo applies the principles of the International Capital Market Association (ICMA) for all its outstanding green bonds.  

Akuo was advised on this issue by Octo Finances (arranger) and law firm CMS Francis Lefebvre Avocats (legal advisor).