Paris, December 13, 2023 - Akuo, the independent international developer and producer of green energy, announces another successful €40.7 million Green Bond issue and a €68 million equity increase with the support of ICG Infra.



€40.7 million Euro PP Green Bond financing

This is the Group’s tenth Green Bond issue since 2013, this time for €40.7 million with a five-year maturity. Despite a very challenging market, the issue was a success with Akuo’s ‘historic’ Green Bond investors, and also attracted new institutional investors, reflecting keen market interest in financing the green economy and helping to accelerate the energy transition, which is now the top priority.

The senior unsecured bonds maturing in 2028 were placed exclusively with qualified investors in the European Union as part of a public offering exempt from the requirement to publish a prospectus, as defined and in accordance with EU Regulation 2017/1129 of June 14, 2017. The bonds are listed on Euronext Access managed by Euronext in Paris (ISIN: FR001400MII0).

With this new transaction, and after redeeming the bond maturing in December 2023, Akuo will have four bonds outstanding for a total nominal amount of €184.4 million. The proceeds from these issues will be used exclusively to finance green energy production or storage facilities, in line with the Group’s development strategy. All of Akuo’s outstanding green bonds apply the principles of the International Capital Market Association (ICMA).

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



Equity increase

In addition, and as part of the 2022 capital deal with ICG infra, the Group is also gaining additional financial resources through a new quasi-equity investment of €68 million.

These two transactions will allow Akuo to pursue the development and construction of projects over the 2024-2026 period.