Aviva Investors completed the investment in Terra One in a €150m deal.

Aviva Investors, a global asset management business of Aviva, completed the investment in Terra One, a German developer and operator of battery energy storage systems, in a €150m deal. “We are pleased to have completed this platform investment in Terra One, a company which has benefitted from first-mover advantage in one of Europe’s largest power markets. Energy storage in Germany is at a fast-growing and dynamic stage of its development, making it an exciting place to invest whilst capturing growth and returns. This is another example of how Aviva Investors is investing in new technologies that can help whole industries get ready for the future," Angenika Kunne, Aviva Investors Head of Infrastructure Equity.