Aukera Closes €460 Million Structured Credit Facility Led by EIG to Support European Energy Infrastructure Portfolio

Aukera, a pan-European battery storage and renewable energy platform, has secured a €460 million structured credit facility led by EIG, a prominent institutional investor in global energy and infrastructure sectors. EIG served as the lead investor in this financing, which expands Aukera's capabilities in building, financing, constructing, and operating energy infrastructure assets at scale across Belgium, the United Kingdom, Germany, Romania, and Italy.

With the new funding, Aukera will increase its total committed capital to €460 million, converting the accordion feature of the original €200 million commitment into a firm €260 million Series 2 tranche. This additional capital will support Aukera's ongoing development of a 14 GW pipeline of renewable energy and energy infrastructure opportunities across Europe. The company currently has nearly 1 GW of projects under construction or operation in these five European markets.

Aukera's co-founders, Catalin Breaban and Pascal Emsens, highlighted the importance of this facility, stating that Europe needs to quadruple its battery storage capacity to meet the EU's 200 GW target by 2030. They emphasized that Aukera's team and platform are well-equipped to deliver complex infrastructure projects consistently, on time, and within budget across multiple markets.

Rob Johnson, President & CIO of EIG Credit Management, expressed satisfaction with expanding their partnership with Aukera, praising the company's diversified portfolio and experienced team across project development, financing, construction, and operations. EIG's President & CIO, Kimberly, and Messina also commented on the significance of this transaction, reflecting EIG's confidence in Aukera's strategy and their focus on providing flexible capital solutions to established energy infrastructure platforms.