We've reached another major milestone in the growth of our operations business. Our third UK solar project, located in Grimsby, secured project finance on 6 June. This achievement follows the successful financing of our Kemble and Burtree Lane solar farms, bringing us to a total of 190 MWp currently under construction.
We’re well on track to build out our 0.5 GWp pipeline of UK solar assets by 2028, thanks to timely grid connection dates and our robust delivery strategy.
Our Grimsby solar farm, situated in North East Lincolnshire, will feature a single-axis tracking system and carefully considered landscaping, delivering a 71% biodiversity net gain. This aligns perfectly with our ongoing commitment to environmental sustainability alongside clean energy generation.
Like our Kemble and Burtree Lane projects, Grimsby has secured a government-backed Contract for Difference (CfD), won through Allocation Round 5 (AR5). Early works on the new substation are already underway, with the main construction phase set to begin shortly. We’re targeting energisation for early 2026.
We're pleased that Rabobank is once again providing senior debt for this project, continuing the strong partnership we built through financing Kemble and Burtree Lane.
As our Director Ben Moore said:
"It’s a really exciting time for us at Aura. Having started the company 12 years ago, we are delighted to be building an operations portfolio of over half a GW of solar assets in the UK. We are grateful to our dedicated team and partners who have helped us to develop high quality, buildable projects.”
And in the words of Jesse Leeuwendal, Director at Rabobank:
"We are proud to continue our partnership with Aura Power as they accelerate the delivery of clean energy infrastructure across the UK. Supporting the financing of the Grimsby solar farm, alongside Kemble and Burtree Lane, reflects our shared commitment to sustainable development and the energy transition. Aura’s strong track record and strategic approach make them a trusted partner in building a greener future.”