Ashurst has successfully guided Aviva Investors in a substantial investment within the infrastructure and renewable energy sector. The global asset manager has committed to investing up to €150 million in Terra One Climate Solutions, a prominent German developer and operator specializing in battery energy storage systems (BESS). This strategic move aims to facilitate the construction of approximately 500 MW of BESS facilities across Germany, with completion anticipated by 2028.
Terra One is at the forefront of developing and operating cutting-edge battery storage solutions, leveraging artificial intelligence to enhance grid management and support the ongoing energy transition. This investment aligns with Aviva Investors’ commitment to backing projects that advance sustainable energy initiatives and yield long-term value for its stakeholders.
Strategic Collaboration and Expertise
The recent transaction marks the second collaboration between Ashurst and Aviva Investors in a short timespan, showcasing Ashurst’s deep expertise in both infrastructure and BESS sectors. The law firm provided comprehensive counsel on both mergers and acquisitions (M&A) as well as the financing components of this deal, reinforcing the integration of its diverse practice groups.
The project was spearheaded by partners Marina Arntzen and Stefan Bruder, who led the team in navigating the complex regulatory and financial landscapes involved. The core advisory team included partners Sascha Arnold, as well as counsels Maria Held, Paul Witte, Franziska Kramer, and associates Charlotte Strohofer, Karen Kelat, and Maylin Heinrich. Financing advice was provided by partner Derk Opitz, alongside associate Tobias Bürk and transaction counsel Ariana Fazlic.
Implications for the Energy Sector
This significant investment by Aviva Investors is a clear indication of the growing interest in renewable energy solutions, particularly battery storage, which plays a crucial role in stabilizing power supply and integrating more renewable sources into the energy grid. The development of these facilities is expected to enhance Germany’s capacity for energy storage, ultimately contributing to the country’s ambitious climate goals.
As global energy policies continue to shift towards sustainability, partnerships like this emphasize the importance of collaborative efforts between financial institutions and innovative energy solutions providers. The successful execution of this investment will not only benefit Aviva Investors but also reinforce the role of Terra One as a leader in the renewable energy sector.
