Aukera has closed a €460 million (US$534.23 million) structured credit facility to advance its project pipeline in five European markets. The Brussels-founded developer, which builds battery energy storage system (BESS), solar PV and hybrid or co-located solar-plus-storage projects to own and operate, announced the closing on 2 September. The financing is structured as a credit facility rather than an equity raise, and the company said it enables Aukera to move into the next phase of growth in developing, financing, constructing and operating assets at scale.
Washington D.C.-headquartered US institutional investor EIG was lead investor in a facility that originally included a €200 million investment commitment with an accordion feature of up to €250 million. That accordion feature has now been amended into a €260 million Series 2 tranche, bringing the total committed amount to €460 million. Aukera is backed by Belgian energy investor AtlasInvest, Dutch family office Reggeborgh and Belgian sovereign wealth fund SFPIM. The company currently operates in the UK, Romania, Belgium, Germany and Italy, and has close to a gigawatt of projects in construction or operation.
The facility adds financial depth to a portfolio that includes the 250MW/500MWh Gura Ialomitei standalone BESS in Romania, whose first 150MW/300MWh phase reached commercial operation in June 2026, and the 170MW/340MWh Project Volt BESS in La Louvière, Belgium, developed in a joint venture with Weerts Group. Aukera co-founders Catalin Breaban and Pascal Emsens said Europe needs to at least quadruple its battery storage capacity to reach the EU's 200GW target by 2030, and that the EIG facility gives the company the financial depth to deliver complex infrastructure repeatedly across multiple markets.
What remains unknown is how the €460 million will be allocated across Aukera's five markets or which specific projects will draw on the facility first. The dossier does not specify the interest rate, maturity, covenants or other terms of the structured credit facility, nor does it provide a timeline for deployment. The evidence comes from a single secondary source, Energy Storage News, so the financing details have not been independently corroborated by company filings or regulatory disclosures.