Aukera BV, a European renewable energy developer and independent power producer (IPP), has finalized a structured credit facility of €450 million with EIG, a prominent institutional investor in the global energy and infrastructure sectors.
Aukera is backed by AtlasInvest, a major private investor in the energy sector, and specializes in renewable investments and development, covering early-stage development, co-development, acquisition of ready-to-build projects, and project construction.
EIG’s Credit Facility to Aukera
According to EIG, the facility consists of an initial tranche of €200 million, with the option to increase the loan amount by an additional €250 million through an accordion feature. The key parties/advisors that structured the transaction are detailed in the table below:
Key Party / Advisor | Organisation | Typical Role |
Sole Bookrunner | Akereos Capital | Managed the entire process of bringing the credit facility to market. |
Structurer | Akereos Capital | Designs and organizes the financial structure of the credit facility. |
Exclusive Debt Advisor | Akereos Capital | Provides advisory services related to debt. |
Legal Advisor to Aukera | Allen & Overy | Overall Legal Advice |
Legal Advisor to EIG | Milbank | Overall Legal Advice |
Paired with project-level senior debt financing, the facility will facilitate Aukera’s ambitious plans to construct over 1.5 GW of solar, wind, and co-located battery storage projects by the end of 2026 in the UK, Germany, Italy, and Romania.
Beyond providing construction equity for Aukera’s existing project pipeline, the company noted the funds will also be utilized to acquire third-party projects, initially focusing on ready-to-build solar and wind projects in Germany, Italy, and the UK. Aukera confirmed that it will also actively seek new co-development partners for projects in earlier development stages.
Related Project and News – Renewable Energy Developers:
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- DIF announces acquisition of majority stake in Novar – Dutch Renewable Energy Developer
- CIP reaches financial close of two news funds for investment in renewable assets
- DIF invests £200m in battery developer and operator in the UK
- Macquarie Asset Management launches Aula Energy to focus on onshore renewable energy assets
Aukera and EIG - Leadership Comments on the Credit Facility
EIG - Managing Director - Rob Jonhson
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.”
Aukera - Catalin Breaban (Co-Founder) and Simon Robinson (Head of Investments)
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.”
