Clifford Chance advises Aukera Energy in securing a EUR 60 million financing for its first stand-alone battery energy storage system in Romania

Clifford Chance Badea, the Bucharest office of global law firm Clifford Chance, advised Aukera Energy in securing a 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 250 MW / 500 MWh project will be one of the largest storage projects in Central and Eastern Europe and represents a first step in a larger investment plan targeting a total battery storage capacity of 2GW in Romania.

Aukera Energy focuses on the development, construction, and operation of solar, wind, and battery storage projects. Currently, it is developing a pipeline of over 16 GW across the UK, Germany, Belgium, Italy, and Romania.