Akuo to invest €1Bn in Portugal to 2032

Akuo, the French company that was one of the winners of the first winners of the solar energy auction in Portugal, is to invest €1Bn in Portugal by 2032.

Akuo is held by the French fund Ardian, but kissed committed to continue investing in Portugal by building 1 gigawatt of solar, eolic and batteries assets by 2032.

“Portugal is part of the group’s priorities”, said João Macedo, the Managing Director of Akuo Portugal.

The company already has the Santas (Monforte) plant in operation, a 180 MW solar plant, and is already building 45 MW of wind power to hybridise the project for a total of 225 MW.

At the Margalha (Gavião) plant, the goal is to complete the plant by the end of the year to start operating in the first quarter of 2026, with a total of 147 MW.

The company also applied for public support for battery projects, and was successful with projects for the Santas and Margalha plants.