Verdant Energy, Aura Power Merge to Create 1 GW UK Solar and BESS IPP
Verdant Energy and Aura Power Developments have merged to create a UK-focused solar and BESS IPP with around 1 GW of operating and under-construction assets and a further 10 GW development pipeline.
August 11, 2026. By Mrinmoy Dey
The combined platform will also have a development pipeline of around 10 GW, while continuing selective development of Aura Power’s BESS pipeline in Europe. The transaction is backed by CVC DIF, which has secured financing from Eiffel Investment Group to support the merger, refinance existing junior facilities and fund future development.
Founded in 2013, Aura Power has developed more than 2.1 GW of solar and battery storage projects to ready-to-build or commercialised stage across the UK and international markets, in partnership with existing shareholder ib vogt. The company has recently shifted towards an IPP model, reaching financial close on six UK solar projects and energising its first project, Kemble, earlier this year.
Verdant Energy, established in 2022, has built a portfolio of around 660 MW of utility-scale solar and co-located battery storage assets across the UK, including operating and under-construction projects.
Simon Coulson, Founder and Chief Executive of Aura Power, commented, “This merger with Verdant Energy, with the backing of CVC DIF, marks a transformative milestone for Aura Power. By combining our extensive development pipeline with Verdant’s robust delivery track-record, we are perfectly positioned to scale our IPP model. The deal provides us with both the financial strength and operational expertise to accelerate the delivery of critical solar and battery storage infrastructure, helping the UK meet its ambitious green energy targets.”
Caine Bouwmeester, Partner and Head of Renewable Energy at CVC DIF, added, “This transaction builds on our original investment in Verdant, bringing together two highly complementary businesses to create a leading UK solar and BESS IPP with the scale, pipeline and delivery capability to generate long-term value. We look forward to partnering with Simon and the team as they take the business into its next phase of growth.”
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