European IPP AUKERA secures €450 million financing facility from EIG
Provides Significant Capital to Construct Over 1.5 GW of Solar, Wind and Co-Located Battery Storage Assets in
Europe by 2026
Brussels, Belgium and Washington D.C. – 15 January 2024 – Aukera BV (“Aukera”), the pan-European renewable energy
developer and independent power producer (“IPP”) majority owned by AtlasInvest, today announced the signing of a €450
million structured credit facility (the “Facility”) with EIG, a leading institutional investor in the global energy and
infrastructure sectors.
The Facility comprises an initial tranche of €200 million and includes an accordion feature to increase the loan amount by an
additional €250 million. Together with project-level senior debt financing, the Facility will support Aukera’s plans to construct
more than 1.5 GW of solar, wind and co-located battery storage projects by the end of 2026 in the UK, Germany, Italy and
Romania.
In addition to providing construction equity for Aukera’s existing pipeline of projects, loan proceeds from the Facility will be
used to fund acquisitions of third-party projects. Aukera’s initial focus will be on acquiring ready-to-build solar and wind
projects in Germany, Italy and the UK. Aukera will also continue to seek new co-development partners for earlier stage
development projects.
Rob Johnson, Managing Director and Global Head of Direct Lending at EIG, said, “We are delighted to support Aukera with
this new Facility as they work to establish themselves as a leading European clean energy IPP. This transaction is a testament
to our confidence in Aukera’s talented management team and its growth strategy, as well as AtlasInvest’s impressive track
record of investment in renewable energy assets. The Facility also underscores EIG’s commitment to investing in high-quality
assets and energy infrastructure that support decarbonisation and help advance the energy transition.”
Catalin Breaban (Co-Founder) and Simon Robinson (Head of Investments) at Aukera said,
“Since it was founded in 2021,
Aukera has grown rapidly to a team of over 60 people with offices in five European countries. Our new partnership with EIG,
which follows our successful equity raise announced in September 2023, will enable the company to continue its impressive
growth trajectory by funding the construction of the most advanced projects in our pipeline as well as making selective
acquisitions. We are very much looking forward to working closely with EIG during the coming years to deliver our vision.”
Akereos Capital acted as sole bookrunner, structurer and exclusive debt advisor to Aukera. Allen & Overy served as legal
advisor to Aukera, and Milbank served as EIG’s legal advisor.
About EIG
EIG is a leading institutional investor in the global energy and infrastructure sectors with $23.0 billion under management as
of September 30, 2023. EIG specializes in private investments in energy and energy-related infrastructure on a global basis.
During its 41-year history, EIG has committed over $45.9 billion to the energy sector through over 400 projects or companies
in 42 countries on six continents. EIG’s clients include many of the leading pension plans, insurance companies, endowments,
foundations and sovereign wealth funds in the U.S., Asia and Europe. EIG is headquartered in Washington, D.C. with offices
in Houston, London, Sydney, Rio de Janeiro, Hong Kong and Seoul. For additional information, please visit EIG’s website at
www.eigpartners.com.
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 11.5 GW and expects to have over 1.5 GW in construction or operation by 2026. 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.
About AtlasInvest
AtlasInvest is a globally respected energy investor founded by Marcel van Poecke in 2007. Since its inception, AtlasInvest has
successfully acquired and sold energy companies operating in both conventional and renewable energy. Further information
about AtlasInvest can be found at www.atlasinvest.be.
Press contacts
EIG
FGS Global
Kelly Kimberly / Brandon Messina
+1 212-687-8080
EIG@fgsglobal.com
Aukera
Aukera
Ioana Horgos
ioana.horgos@aukera.energy
Akereos
Akereos Capital
Jessie Pala
+44 (0) 20 3882 5875
JPala@Akereos.com