REM: Aukera to acquire PV portfolio of 1 GW

Aukera will acquire a portfolio of solar photovoltaics (PV) projects under development across Germany with an initial 1 GW of total capacity from securenergy solutions AG.

securenergy will be responsible for the development of the projects, which Aukera will build, own and operate.

The agreement has been structured as a joint venture. Aukera is backed by energy investor AtlasInvest.

Aukera aims to expand its presence in Germany and consolidate its position with further acquisitions in the renewable energy sector, across solar PV, onshore wind, and storage.

Pascal Emsens, co-founder of Aukera, said: “The agreement with securenergy for 1,000 MW of solar PV projects marks another step in our commitment to contribute to the energy security in Europe via sustainable renewable energy. It also highlights the importance of the German renewable market for our growth strategy. We aim to expand our presence and pipeline in Germany.”