Terra One Secures €150m Mezzanine Financing from Aviva Investors to Accelerate Europe's Energy Transition

BERLIN, Germany — We at Terra One are proud to announce a landmark achievement in our journey: we have secured up to €150 million in mezzanine financing from the global asset manager, Aviva Investors. This is a major vote of confidence in our vision and capabilities, and it gives us the power to invest up to €750 million in new battery storage projects. With this capital, we can build approximately 3 GWh of storage capacity, which is enough to power nearly 20% of German households for an hour.
This financing is about more than just numbers. It's a powerful signal that a sophisticated infrastructure investor like Aviva Investors believes in our mission to build the infrastructure needed to stabilize Europe’s energy grid.
Paving the Way for a Cleaner, More Resilient Grid
As Europe moves toward a more sustainable energy future, the need for grid stability and flexibility is becoming more urgent. Renewable energy sources like solar and wind are critical, but their intermittent nature means we need smart solutions to balance supply and demand. This is where large-scale battery storage comes in—it’s the key to making our energy grid more resilient and ensuring that affordable, clean power is available around the clock.
"This financing is a milestone for Terra One and for the energy transition in Europe," says our Founder & CEO, Tony Schumacher. "With a highly sophisticated infrastructure investor like Aviva at our side, we can significantly accelerate the expansion of large-scale battery storage. This hybrid financing structure gives us the flexibility and scalability we need to establish ourselves as a top player in the independent storage space."
Adam Irwin, Director of Infrastructure Equity at Aviva Investors, shares our enthusiasm. "We're investing in Terra One because the company has proven its ability to deliver projects quickly, reliably, and to the highest standards. Together, we aim to take the European storage market to the next level."
With this new financing, we are now ready to begin executing on a number of ready-to-build projects. This achievement is a testament to the dedication of our incredible team and the unwavering support of our partners, including Elgar Middleton Infrastructure & Energy Finance LLP and Hogan Lovells. Together, we are building the energy infrastructure of tomorrow.
A big thanks to everyone involved in this process. We are looking forward to the great things ahead!
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