AtlasInvest financially supports the Aukera platform for renewable energy development in the UK, Italy, Germany, Romania and Poland.
AtlasInvest supports the development of renewable energies in Europe
Aukera was launched by a team of renewable energy veterans with the support of AtlasInvest.
AtlasInvest is a family-owned investment company based in Belgium.
It holds stakes in renewable energy companies such as ForMotion, as well as hydrocarbon energy companies such as ONE-Dyas.
“We are delighted to provide the capital needed to make an immediate impact with this new platform. This capital will enable us to embark on a longer-term growth strategy,” says Marcel van Poecke, Chairman of AtlasInvest.
Inventive and creative approach
Catalin Breaban, co-founder of Aukera, said that the projects under consideration in Europe are now subsidy-free.
The platform is seeking long-term power purchase agreements with companies and traders.
“An inventive and creative approach means we can help identify, build and operate projects. The priority is to strengthen projects by establishing partnerships with developers, communities and landowners,” says Pascal Emsens, co-founder of the platform.
Aukera is aiming for long-term growth in the energy transition sector.
The company believes that rising project costs are temporary, as are soaring electricity prices.
Guarantees of renewable origin
As of November 2021, the company has integrated over 1 GW of projects.
Aukera is targeting a further 1.7 GW in 2022 encompassing solar, onshore wind, storage and other energy transition solutions.
Up to 80% of the project pipeline could be subsidy-free, potentially benefiting from guarantees of origin.
The pan-European developer has local teams in the UK, Italy, Poland, Romania, Germany and Belgium.
The company has put forward a new wind power project in Italy with a maximum capacity of 100 MW.
This project is the basis for the initial launch, which still benefits from feed-in tariffs.
Origin prices forwind and solarpower in the EU are now guaranteed at over €2/MWh for 2023.
Their value has more than doubled, against a backdrop of accelerating policy developments in favor of renewable energies in Europe.
At the same time, record fuel and CO2 prices have reinforced the economic viability of these projects.
