Aukera Energy Sets 2.7GW Investment Target

Aukera Energy, the new development platform backed by AtlasInvest, has announced plans to deliver 2700MW of new renewables projects across Europe by the end of 2022.

Already fully funded, Aukera will focus initially on the UK, Italy, Germany, Romania, and Poland.

The team has already secured more than 1GW of onshore wind and solar projects and is growing rapidly.

Initial launch projects include a portfolio of 100 individual wind turbine sites of up to 1MW across Italy

Aukera was launched by a team of renewable energy veterans who have already built several successful ventures with the backing of AtlasInvest.

Aukera co-founder Pascal Emsens said: "We are targeting returns in the long-term, but in doing so we are committed to deploying purpose-driven capital that will deliver tangible benefits for all parties and the environment.

"Our inventive and creative approach means we can help to identify, build, and operate projects that don’t always fit the typical mould, ensuring everyone can stand to benefit from renewable energy, and the many advantages it offers."

Aukera co-founder Catalin Breaban added: "We’re entrepreneurs at heart and are confident in our team’s ability to accelerate Europe’s energy transition.

"After a decade of investing with AtlasInvest, we have the track record and backing to make well-informed decisions rapidly, guided by our experience and the best practices of the investment process.

"Our priority is to continue building our diverse and exceptional team throughout Europe, and to bolster our pipeline of high-impact projects by building partnerships with developers, communities and landowners and adhering to the highest corporate governance and operational standards."

AtlasInvest chairman Marcel van Poecke said: "AtlasInvest has invested together with this team for many years.

"We are once again pleased to provide the necessary capital to ensure this new platform can make an immediate impact, while committing to a longer-term growth strategy.

"Aukera’s experienced team will identify and support developments requiring accelerated access to capital, applied expertise, and hands-on management experience."