Edmond de Rothschild-backed PEARL Infrastructure and Banque des Territoires to acquire a minority stake in Akuo Biomass from Akuo, Idinvest and CDC.

Edmond de Rothschild-backed PEARL Infrastructure, a specialised investment fund, and Banque des Territoires, a company that offers tailor-made loan and investment advice and financing solutions, agreed to acquire a minority stake in Akuo Biomass, a biomass plants operator, from Akuo, a company engaged in renewable power generation, Idinvest and CDC. "These assets - backed by responsible industrialists who have clearly chosen renewable energy - will allow PEARL Infrastructure Capital to pursue its strategy of building up a portfolio. biomass cogeneration installations in Europe which will contribute to the objectives of the European energy transition, while supporting the sustainability and development of European industry by offering reliable solutions of combined thermal and electrical renewable energy; PEARL welcomes the complementarity of these assets with its other French and European projects," Jean-Christophe Guimard, PEARL Founder-Associate Director.