Akuo Energy Secures €108 Million Funding for Strategic Growth

Green energy trailblazer, Akuo Energy, has successfully secured €108 million ($118 million) in funding to fortify its growth strategy spanning the 2024-2026 period. This financing initiative, comprising a €40.7 million influx from Akuo’s tenth green bond issuance since 2013, underscores the company’s commitment to advancing sustainable energy projects. The senior unsecured bonds, set to mature in 2028, will facilitate Akuo’s ongoing development and construction endeavors.

Akuo Energy’s Commitment to Sustainable Practices:

Akuo Energy, founded by Eric Scotto- President & cofounder of Akuo, has long been a beacon of innovation in the renewable energy landscape. Committed to fostering sustainable practices, the company has consistently demonstrated its dedication to transforming the global energy paradigm.

A Decade of Green Bond Initiatives:

This latest funding triumph includes a substantial €40.7 million raised through Akuo’s tenth green bond issuance since 2013. This milestone reflects Akuo’s enduring commitment to financial instruments that align with its eco-friendly ethos. The senior unsecured bonds, maturing in 2028, represent a strategic financial move as Akuo charts its course for the next phase of development.

Impact on Green Energy Development:

Akuo Energy’s forward-looking approach encompasses the development and construction of pioneering projects that harness renewable resources. This funding injection will play a crucial role in accelerating these initiatives, further solidifying Akuo’s position as a trailblazer in sustainable energy solutions.

As Akuo Energy navigates the years ahead, the company remains steadfast in its dedication to pioneering projects that redefine the possibilities of renewable energy. This funding not only strengthens Akuo’s financial foundation but also underscores its pivotal role in shaping a more sustainable and eco-conscious world.

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