Aukera Energy secures EUR 14 million senior financing from Volksbank Sauerland for first German PV projects

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Elias Mietschke

Vice President

Tel.: +49 (69) 348 710 125
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Elias began his career at Siemens Bank, working on renewable energy projects such as solar PV, onshore and offshore wind, and battery storage, as well as infrastructure transactions. In his role within Project & Structured Finance EMEA, Elias specialized in structuring debt solutions, risk assessment, and stakeholder coordination, gaining valuable international exposure during his time in London. Based in Munich, Elias holds a Master’s in Finance & Accounting.

Aukera, a pan-European renewable energy developer and Independent Power Producer (IPP), has successfully secured senior financing totaling EUR 14 million from Volksbank Sauerland eG for its Erisweiler I and II photovoltaic projects, with a combined capacity of 37.48 MW. This transaction marks Aukera Energy’s first project financing in Germany for solar PV and underscores the company’s commitment to building a long-term renewable energy portfolio in the country. Capcora acted as the exclusive financial advisor for the transaction.

 

“This financing represents a significant milestone for Aukera Energy as we advance our first projects in the German market,” said Kemal Keskin, Managing Director Germany at Aukera Energy. “We are delighted to partner with Volksbank Sauerland eG, a trusted regional banking institution, as we establish our long-term presence in Germany.”

Alexander Enrique Kuhn, Managing Partner at Capcora, added: “We are proud to support Aukera Energy in its debut project financing in Germany. While larger, more flexible debt structures are gaining traction, the importance of cultivating strong relationships with local and regional banks for traditional project financing should not be underestimated.”

This successful transaction highlights the strength of the collaboration between Aukera and Capcora and sets the stage for future joint efforts to accelerate the deployment of renewable energy across Germany.

 

About Aukera Energy

Co-founded in 2021 by renewable energy executives Pascal Emsens and Catalin Breaban, Aukera focuses on developing, constructing, and operating solar PV, onshore wind, and battery storage projects, with a pipeline exceeding 15 GW across the UK, Germany, Belgium, Italy, and Romania. Headquartered in Brussels, the company operates offices in Brussels, London, Edinburgh, Berlin, Rome, and Bucharest.
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.
www.capcora.com

 

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