Aukera, a renewable energy developer and independent power producer, announced the closing of an oversubscribed €105 million (~$124 million) equity round.
The round saw participation from existing investors, which included Aukera’s majority shareholders AtlasInvest and Reggeborgh. Several new global investors also participated in the round, including SFPIM (Société Fédérale de Participations et d’Investissement / Federale Participatie- en Investeringsmaatschappij), Belgium’s sovereign wealth fund.
With the amount raised, the company plans to accelerate its pipeline of more than 15 GW of solar PV, onshore wind, and battery storage projects in its core markets: the U.K., Italy, Germany, Belgium, and Romania.
The company states that it has over 8 GW of BESS now integrated into its pipeline, supporting grid stability and energy flexibility across key European markets.
“This equity raise is a milestone we are extremely proud of and we will spare no efforts to repay the trust put in us by our investors. With this funding, we are exceptionally well-positioned to bring critical renewable capacity into construction and operation across our markets. It is also great to see about half of our team investing their own money in Aukera to date — reflecting the deep commitment and ownership culture we have built together,” said Co-founders Pascal Emsens and Catalin Breaban.
MW&L Capital Partners and Rothschild & Co served as co-financial advisors to Aukera on the transaction.
According to Mercom’s 1H 2025 Solar Funding and M&A report, VC funding activity decreased 7% year-over-year, with $2.5 billion raised in 32 deals in 1H 2025 compared to $2.7 billion from 29 deals in the first half of 2024.
In August, CrossBoundary Energy, a developer, owner, and operator of distributed renewable energy, secured a $40 million equity-like capital investment from Impact Fund Denmark. The funding will help the company expand its portfolio of clean energy projects in Africa.
