Aukera Energy has secured an EUR 60 million debt facility from Kommunalkredit Austria AG to finance the construction of its first stand-alone battery energy storage system in Romania. The announcement was made from Brussels on November 17, 2025.

Project Details and Location

The 250 MW / 500 MWh project will be located in Gura Ialomitei, Ialomita County, Romania. According to the company, this will be one of the largest storage projects in Central and Eastern Europe. The project will be delivered in two phases, with Phase 1 construction currently underway. The full project is expected to be operational by mid-2026. Kommunalkredit acted as Sole Mandated Lead Arranger for the financing transaction.

Strategic Significance for Aukera

Aiden Yates, Aukera's Managing Director for Project Finance, described this as a landmark transaction for both Aukera and the Romanian storage market. He emphasized that battery energy storage system (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 financing represents the first project in Aukera's 2GW Romanian BESS pipeline. Yates stated that it demonstrates the company's ability to deliver large, complex projects across multiple markets as it expands its European generation and storage platform. The transaction brings together Aukera's market-leading local and international expertise across the platform.

Technical and Operational Expertise

Bozkurt Aydinoglu, Aukera's Head of Storage, highlighted the company's storage team's experience at the forefront of the UK market since its earliest days. The team has been involved in developing, designing, delivering, and operating projects that helped establish the standards now shaping Europe's energy storage industry. Building on that experience, Aukera is bringing proven engineering, procurement, and operational excellence to Romania to deliver assets that address current system needs.

These assets will improve grid stability and increase the utilization of renewable generation and the transmission network. By optimizing how and when power is delivered, BESS also helps lower overall system costs, ultimately benefiting end consumers with more efficient, affordable electricity.

Financial Partner's Perspective

Arnaud de Laportaliere, Senior Transactor at Kommunalkredit, described the project as marking a decisive step toward strengthening Romania's energy resilience. By supporting Aukera's first battery storage initiative, Kommunalkredit is helping to substantially improve grid stability, which aligns with the company's vision to accelerate the energy transition across Europe.

The principal advisors for the transaction included Akereos Capital for financial advisory, Clifford Chance Badea for borrower legal services, Dentons for lender legal services, and Rina Consulting for lender technical advisory.

Company Background

Aukera was founded in 2021 by experienced renewable energy executives Pascal Emsens and Catalin Breaban. The company focuses on the development, construction, and operation of solar, wind, and battery storage projects. Aukera is currently developing a pipeline of over 16 GW across the UK, Germany, Belgium, Italy, and Romania. The company is currently in pre-construction or construction on approximately 800 MW of projects across its core geographies, including 450 MW of BESS capacity.

Aukera is headquartered in Brussels and maintains offices in London, Edinburgh, Berlin, Rome, and Bucharest. Kommunalkredit, established in 1958, specializes in financing and advising forward-looking infrastructure projects throughout Europe as an infra banking expert. The bank has enabled new infrastructure and energy financing totaling around EUR 10 billion since 2020 alone.

Its core business fields include lending, advisory, asset management, and public finance, supporting projects in energy & environment, communication & digitalization, transport, and social infrastructure. The majority shareholder is European private equity firm Altor, which focuses on innovative companies and the green transition and has raised more than EUR 12 billion since its inception.

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