Independent developer Aura Power has announced financial close on its 30-megawatt (MW) Rayleigh solar farm in Essex. This project marks the fourth installation by the company to enter the construction phase in the United Kingdom over the past twelve months.
Financing backed by recurring banking partner
Senior debt for the facility has been provided by Rabobank, which has already financed Aura Power’s three previous UK projects: Kemble, Burtree Lane and Grimsby. The Rayleigh solar farm is the first of four projects awarded a Contract for Difference (CfD) under Allocation Round 6 to secure full construction financing.
This public support mechanism, aimed at stabilising renewable electricity producers’ revenues, ensures greater long-term financial visibility for Aura Power. Securing this CfD has strengthened the project’s bankability and facilitated its progression to the construction stage.
Construction start planned for early 2026
Preparatory works will begin in November, starting with the development of a new access road from the A127. Full construction, led by joint venture partner ib vogt, is expected to commence in February 2026. Once operational, the site will generate electricity for more than 11,000 households annually.
With this project, Aura Power’s total under-construction capacity in the UK reaches 242 megawatt-peak (MWp). The company reports a pipeline of nearly 600 MWp of ready-to-build solar projects nationwide.
Legal and technical coordination intensifies
Law firm Burges Salmon provided legal counsel to Aura Power, continuing its involvement after advising on previous project financings. On the banking side, Rabobank remains active in financing photovoltaic infrastructure, further consolidating its presence in the UK solar market.
Ali Timms, General Counsel at Aura Power, welcomed the deal’s closing, highlighting the work of internal teams and financial partners.
