Aukera Energy, the new development platform backed by energy investor AtlasInvest, has announced plans to deliver 2.7 GW of new renewables projects across Europe by the end of 2022.

Already fully funded, Aukera will focus initially on the UK, Italy, Germany, Romania, and Poland. The team has already secured more than 1GW of onshore wind and solar projects and is growing rapidly.

Aukera was launched by a team of renewable energy veterans who have already built several successful ventures with the backing of AtlasInvest.

Pascal Emsens, Aukera Co-Founder, said: “We are targeting returns in the long-term, but in doing so we are committed to deploying purpose-driven capital that will deliver tangible benefits for all parties and the environment. Our inventive and creative approach means we can help to identify, build, and operate projects that don’t always fit the typical mould, ensuring everyone can stand to benefit from renewable energy, and the many advantages it offers.”

Catalin Breaban, Aukera Co-Founder, said: “We’re entrepreneurs at heart and are confident in our team’s ability to accelerate Europe’s energy transition. After a decade of investing with AtlasInvest, we have the track record and backing to make well-informed decisions rapidly, guided by our experience and the best practices of the investment process.

“Our priority is to continue building our diverse and exceptional team throughout Europe, and to bolster our pipeline of high-impact projects by building partnerships with developers, communities and landowners and adhering to the highest corporate governance and operational standards.”

Marcel van Poecke, Chairman at AtlasInvest, said: “AtlasInvest has invested together with this team for many years. We are once again pleased to provide the necessary capital to ensure this new platform can make an immediate impact, while committing to a longer-term growth strategy. Aukera’s experienced team will identify and support developments requiring accelerated access to capital, applied expertise, and hands-on management experience.”

Aukera has quickly established an international presence with local teams in the UK, Italy, Poland, Romania, Germany, and Belgium, with a view of investing in projects at all stages of development, while targeting long-term ownership of operational assets. The team is growing its central function in Brussels and London, as well as making a number of new hires in the market. Further office openings and senior appointments are expected to be announced in early 2022.