Merger creates one of the UK’s largest independent solar and battery storage platforms, highlighting continued investor confidence in the UK’s energy transition market.
Our Corporate and M&A team has advised leading renewable energy developer Aura Power on its merger with Verdant Energy, creating one of the UK’s largest independent power producers focused on solar and battery energy storage systems (BESS).
The transaction brings together Aura Power’s substantial development pipeline with Verdant Energy’s operating and under-construction asset base, creating a platform comprising approximately 1GW of operating and under-construction solar and battery storage assets across the UK, alongside a development pipeline of around 10GW.
The merged business will operate under the Aura Power brand and is backed by infrastructure investor CVC DIF. Aura Power Founder and Chief Executive Simon Coulson will continue to lead the business and retain a minority stake.
The transaction represents another significant milestone for the UK’s renewable energy sector, demonstrating continued investment into large-scale solar and battery storage infrastructure as the country works towards its net-zero ambitions and increasing energy security.
Founded in 2013, Aura Power has developed more than 2.1GW of solar and battery storage projects to ready-to-build or commercialised stage in the UK and internationally. Verdant Energy has rapidly established a portfolio of approximately 660MW of utility-scale solar and co-located battery storage assets since its launch in 2022.
