Aviva and Astatine Launch €800m Energy Transition Investment JV
Aviva Investors and energy infrastructure specialist Astatine have formed an €800m investment venture to support decarbonisation efforts in Europe’s heavy industry and hard-to-abate sectors.
Aviva Investors will serve as the majority owner and financial backer of the platform, while Astatine will lead on project development, design, delivery and ongoing operation and maintenance.
- The newly created platform is seeded with a 128MW portfolio of assets.
- The platform will focus on energy infrastructure projects in the power, heat and transport sectors.
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Author's summary: Aviva Investors and Astatine launch a joint venture for energy transition investments.