Press releases

Frankfurt am Main, 16.09.2024

Aukera Energy expands its renewable energy portfolio with the addition of a solar PV projectand a co-located battery storage system (BESS) in Germany. The project, currently in an advanced development stage, is expected to have a capacity of 46 MW for solar PV and 40 MW for BESS. It is located in Rhineland-Palatinate. The project is being sold by an undisclosed German renewable developer. Frankfurt-based financial advisory boutique Capcora supported the seller as exclusive M&A advisor in this transaction.

The transaction was structured through a share purchase agreement, which also includes development service arrangements. Located in the federal state of Rhineland-Palatinate, the solar plant is expected to reach ready-to-build status by Q1 2025.

Aukera Energy was selected as the preferred bidder following a structured process led by sell-side M&A advisor Capcora. The transaction's success is largely due to the expertise of the teams involved, ensuring a smooth and efficient due diligence process. This deal offers strategic benefits for both companies.

“The project is on track to achieve Ready-to-Build status next year, and we are already preparing to kick off pre-construction and procurement activities. This proactive approach ensures that we stay ahead of schedule and maintain momentum. We are excited about the opportunity to deepen our collaboration with our development partner and look forward to working together on many more successful projects in the future.”, said Kemal Keskin, Aukera’s Germany MD.

“We are delighted to have played a key role in the seller’s successful project sale to Aukera Energy, a reputable partner in the renewable energy sector. This transaction not only adds significant value to both parties but also underscores the ongoing growth potential in the rapidly expanding German PV market.”, adds Jochen Magerfleisch, Managing Partner at Capcora.

Legally, Aukera Energy was advised by McDermott Will & Emery (Dr. Maximilian Uibeleisen). Reitzel & Thomas Rechtsanwälte (Johannes Reitzel) was supporting the seller as a legal advisor, while Capcora acted as an M&A advisor.

About Aukera Energy:

Aukera was founded in 2021 by experienced renewable energy executives Pascal Emsens and Catalin Breaban and focuses on the development, construction and operation of solar, wind and battery storage projects. It is currently developing a pipeline of 15 GW and expects to have over 1.5 GW in construction or operation by 2026. Aukera is headquartered in Brussels and has offices in London, Edinburgh, Berlin, Rome and Bucharest. Further information can be found on Aukera’s website. www.aukera.energy

About Capcora:

Capcora is an independent financial advisory boutique specializing in M&A and project finance services to accelerate the energy transition in Europe. Founded in 2015, the Frankfurt-based company helps its clients succeed in the renewable energy and infrastructure sectors by advising them on sell-side and buy-side transactions, and by raising mezzanine, unitranche or senior debt.