Belgian asset manager AtlasInvest is backing the already fully funded new developer Aukera Energy that plans to deliver 2.7GW of new renewables projects across Europe by the end of next year.

The company will initially focus it activities on the UK, Italy, Germany, Romania and Poland, and has already secured more than 1GW of onshore wind and solar projects.

“We are targeting returns in the long-term, but in doing so we are committed to deploying purpose-driven capital that will deliver tangible benefits for all parties and the environment,” Aukera co-founder Pascal Emsens said.