Aukera Completes €460 Million EIG-Led Structured Credit Facility to Support European Energy Infrastructure Portfolio
Brussels & Washington, (ANTARA/Business Wire) - Aukera, a European-wide battery storage and renewable energy platform backed by AtlasInvest, Reggeborantum, and SFPIM (the Belgian sovereign wealth fund), has announced the completion of a €460 million structured credit facility, with EIG acting as the lead investor. EIG is a prominent global institutional investor in the energy and infrastructure sectors.
With the available financing, Aukera is entering its next growth phase, combining capital, expertise, and execution capabilities to build a significant European energy infrastructure platform that develops, finances, constructs, and operates large-scale assets.
The initial facility included a €200 million commitment and an accordion feature of up to €250 million. The restructured financing facility has replaced the accordion feature with a committed Series 2 tranche of €260 million, increasing the total committed capital to €460 million. This additional capital will support the continued development of Aukera’s portfolio of renewable energy generation, battery storage, and energy infrastructure projects across five European markets: Belgium, the United Kingdom, Germany, Romania, and Italy.
Since securing its initial facility, Aukera has consistently demonstrated its ability to create, finance, and realise large-scale energy infrastructure projects across various markets. Currently, Aukera has several projects with a capacity of nearly 1 GW under construction or already operational across its markets. As it achieves key milestones in project execution, Aukera continues to develop a pipeline of renewable energy and energy infrastructure opportunities totalling 14 GW across Europe.
Founders of Aukera, Catalin Breaban and Pascal Emsens, stated: “We believe Europe needs to quadruple its battery storage capacity to meet the EU’s target of 200 GW by 2030. This target requires capital, as well as teams and platforms capable of delivering complex infrastructure projects repeatedly, on time, and within budget across various markets.
“The credit facility with EIG provides Aukera with the financial capability to achieve this. With a project portfolio of nearly 1 GW under construction or operational, and a highly expert team in development, financing, project execution, revenue optimisation, and complex asset management, we expect Aukera to grow into an established battery storage and renewable energy platform in Europe. We are fully prepared to continue building the infrastructure that supports Europe’s evolving energy system.”
Rob Johnson, President & CIO of EIG Credit Management, remarked: “We are pleased to expand our relationship with Aukera through this significantly enhanced facility. Aukera has built a diversified portfolio across several European markets, supported by an experienced team with capabilities spanning project development, financing, construction, and operations. This transaction reflects EIG’s confidence in Aukera’s team and strategy, as well as our focus on providing flexible capital solutions for established energy infrastructure platforms.”
Key advisors in the transaction included Nomura Greentech (Issuer Financial Advisor), A&O Shearman (Issuer Legal Counsel), White & Case (Investor Legal Counsel), Watson Farley & Williams (Legal Due Diligence), RINA Consulting (Technical Due Diligence), Forvis Mazars (Model, Financial and Tax), and Aurora Energy Research (Market Due Diligence).