Pan-European battery storage and renewable energy platform Aukera closes €460 million credit facility
AI-summarised brief · reviewed before publication
Aukera, a pan‑European developer of battery energy storage systems, solar PV and hybrid projects, has closed a €460 million structured credit facility led by US‑based institutional investor EIG. The financing, originally a €200 million commitment with an optional €250 million accordion, was revised to include a €260 million Series 2 tranche, bringing total commitments to €460 million. Backed by Belgian investors AtlasInvest, Reggeborgh and sovereign fund SFPIM, Aukera operates in the UK, Romania, Belgium, Germany and Italy and now has close to one gigawatt of projects under construction or in operation. Recent milestones include the commercial launch of the 150 MW/300 MWh first phase of the Gura Ialomitei BESS in Romania, a €170 MW/340 MWh BESS in Belgium with a 15‑year capacity market contract, and planning approval for a 250 MW/1 000 MWh project in York, UK. The new credit line is intended to fund further development, financing, construction and operation of large‑scale assets across these markets.
💡 Why It Matters
- · The €460 million facility gives Aukera the capital depth to scale battery storage at a pace needed to meet the EU’s 200 GW target by 2030, positioning the firm as a key infrastructure builder in Europe’s clean‑energy transition.
