Aura Power has secured financing from Rabobank for its third UK solar installation, the 49.9MW Grimsby Solar Farm in North East Lincolnshire. The funding adds to two previous deals between the developer and the Dutch bank: £44 million for the Kemble Solar Farm in Gloucestershire and £33.1 million for Burtree Lane in County Durham.
All three projects fall under the UK’s Contracts for Difference Allocation Round 5. Preliminary work on the Grimsby substation is already underway, with complete construction due to start shortly and energisation targeted for early 2026.
This move strengthens Aura Power’s UK pipeline, which totals 0.5GWp and is expected to be built out by 2028. The Bristol-based firm also has a global solar and battery energy storage pipeline of approximately 12GW.
Rabobank has been accelerating its UK clean energy portfolio. In recent months, it committed £135 million to Aukera Energy for five solar projects totalling 220MWp and co-financed a £42 million loan with ING for 125MW of battery storage projects led by Field. It also supported Enray Power in closing finance for the 68.5MWp Camblesforth Solar Farm, which includes a co-located 24MWh battery.
