Aukera Energy is pleased to announce that it has secured a £135m senior debt facility from Deutsche Bank and Rabobank to finance the construction of five UK solar PV projects. The projects, which stretch from Kent to Ayrshire, have a total capacity of 220 MWp and all five secured Contracts for Difference in last year’s Allocation Round 6. One of the projects, Benthead in North Ayrshire, also includes a 30 MW 2-hr duration co-located battery. All five projects are expected to be fully operational before the end of 2026.
Pascal Emsens and Catalin Breaban, Aukera’s co-founders, said, „This transaction marks a significant milestone for Aukera. Over the last three and a half years we have built an industry-leading team of experienced, motivated and committed renewable energy specialists. It has been fantastic to see this team working together so effectively to deliver this complex and efficient financing. It has been a pleasure to work alongside the excellent teams at Deutsche Bank and Rabobank to deliver this transaction, marking the beginning of Aukera’s next stage of growth as our project pipeline starts to reach maturity in all four of our markets.”
Carol Kort, Executive Director Rabobank Project Finance, stated, „The financing of additional renewable energy generation and storage capacity sits at the core of Rabobank’s commitment to advance the global energy transition. This transaction highlights our strategy to build partnerships with clients that share our dedication to drive the shift towards a more sustainable future. We are delighted to support Aukera Energy with the financing of their first UK portfolio of solar assets, including one co-located with a BESS, which will provide clean energy to thousands of UK households.”
Danai Koutra, Head of Project Finance London at Deutsche Bank, said, „We are delighted to support Aukera’s 250 MW portfolio project financing, aligning with the UK’s energy transition goals and supporting Aukera’s exciting growth plans. This strategic transaction highlights Deutsche Bank’s commitment to sustainable finance and providing complex structured solutions.”
The principal advisers for the transaction were Burges Salmon (borrower legal), Pinsent Masons (lender legal) and Evergy (lender technical).
About Aukera
Aukera was founded in 2021 by experienced renewable energy executives Pascal Emsens and Catalin Breaban and focuses on the development, construction and operation of solar, wind and battery storage projects. It is currently developing a pipeline of 16 GW across the UK, Germany, Italy and Romania and expects over 1 GW to reach ready-to-build status each year from 2025. Aukera is headquartered in Brussels and has offices in London, Edinburgh, Berlin, Rome and Bucharest. Further information can be found on Aukera’s website www.aukera.energy.