Aviva Investors, the global asset management arm of Aviva plc, has announced a strategic partnership with Astatine, an Irish specialist in energy infrastructure. Together, they are establishing a new industrial energy transition platform with a target investment of €800 million. The initiative aims to support emission reductions across some of Europe’s most energy-intensive industries and sectors that are traditionally difficult to decarbonise.
The energy transition platform will concentrate on energy infrastructure across power, heat, and transport, providing end-to-end support from early-stage development to full asset delivery and ongoing operation. Its scope encompasses the acquisition, construction, and management of solar photovoltaic (PV) systems, battery energy storage systems (BESS), substations, industrial heat pumps, heat recovery systems, and industrial EV charging solutions. It will also include electric fleets such as Electric HGVs. These technologies can be deployed directly on client sites to offer tailored, on-site renewable energy solutions or connected to national grids. All infrastructure projects will be fully managed by the partnership to maximise commercial outcomes.
Designed with flexibility, the platform will fund energy infrastructure projects primarily in Ireland, as well as the UK and continental Europe. It will target hard-to-abate industries including data centres, food and beverage, cement, pharmaceuticals, medical devices, and manufacturing. By combining Aviva Investors’ experience in project financing with Astatine’s hands-on approach to delivering projects in high-growth sectors, the platform is set to support businesses across Europe in meeting their energy transition and emissions targets. It also aims to help them cut energy costs along the way.
Under the partnership, Aviva Investors will take a majority stake, providing the financial backing and helping steer growth. Astatine will handle project development, design, delivery, and ongoing operation and maintenance. The platform starts with a seed portfolio of 128 MW of assets, expected to be operational within the next two years, and it already has a pipeline of over 500 MW of potential future projects.
Angenika Kunne, Head of Infrastructure Equity at Aviva Investors, said: “This platform is a truly innovative means of providing large energy users in hard-to-abate industries with a dedicated single partner which can provide access to a range of technologies, helping them to decarbonise their production processes. These energy sources are economical, resilient to fluctuating prices suffered by traditional energy sources and can help whole sectors manage their energy transition journey in a cost-effective way. This is a key component for companies looking to cut energy costs and improve economic competitiveness.”