Aukera, a Europe-based renewable energy developer and independent power producer, has secured a €60 million (~$70 million) debt facility from Kommunalkredit Austria for the development and construction of its stand-alone battery energy storage project in Romania.
The 250 MW/500 MWh battery storage project, located in Gura Ialomitei, Ialomita County. The project is planned to be delivered in two phases. Phase 1 is currently under construction, and the whole project is expected to reach commercial operation by mid-2026.
Kommunalkredit acted as the sole mandated lead arranger. Clifford Chance Badea acted as the legal counsel for Aukera, while Dentons advised the lender on the transaction.
Aiden Yates, Aukera’s Managing Director for Project Finance, said, “We are very pleased to partner with Kommunalkredit on this landmark transaction for Aukera and for the Romanian storage market. BESS projects are playing an increasingly vital role in providing the flexibility and reliability needed to balance supply and demand in a rapidly evolving generation mix, stabilizing grid frequency, and ensuring consistent power delivery. This first financing for Aukera in Romania brings together our market-leading local and international expertise across the platform to deliver the first project in our 2 GW Romanian BESS pipeline. It demonstrates our ability to deliver large, complex projects across multiple markets, as we expand our European generation and storage platform.”
In October, the company also raised $16 million for its 37.48 MW solar projects located in Germany and closed a $124 million equity round to accelerate its pipeline of over 15 GW of solar, onshore wind, and battery storage projects across Europe.
According to Mercom’s 9M and Q3 2025 Funding and M&A Report for Energy Storage report, announced Energy Storage project financing increased 94% in the first nine months of 2025 compared with the same period in 2024.
Earlier in November 2025, Akaysha Energy, an energy storage project developer, secured A$460 million (~$299 million) in project financing to fund construction of its Elaine battery energy storage system in Victoria, Australia.
