Ashurst has once again successfully advised Aviva Investors, the global asset manager, on a signifi-cant transaction in the infrastructure and renewable energy sector. As part of the transaction, Aviva Investors is investing up to €150 million in Terra One Climate Solutions, a leading German developer and operator of battery energy storage systems (BESS).
The investment will enable the construction of around 500 MW of BESS facilities in Germany, which are scheduled to be commissioned by 2028. Terra One develops and operates innovative battery storage solutions, also relying on the use of artificial intelligence to optimise grid operation and pro-mote the energy transition. The transaction underscores Aviva Investors' investment in areas that can support the energy transition and delivery of long term investment outcomes .
Ashurst acted for Aviva Investors for the second time in a short period, once again demonstrating its comprehensive expertise in infrastructure and BESS. It is particularly noteworthy that Ashurst provid-ed comprehensive advice on both M&A and financing aspects of this transaction, further strengthen-ing the collaboration between the various practice groups.
The project was led by partners Marina Arntzen (partner) and Stefan Bruder (partner). The core team included Sascha Arnold (partner), Maria Held (counsel), Paul Witte (counsel), Franziska Kramer (counsel), Charlotte Strohofer (associate), Karen Kelat (associate), and Maylin Heinrich (associate). Advice on financing was provided by partner Derk Opitz, Tobias Bürk (associate) and Ariana Fazlic (transaction counsel).
