Aviva Investors has partnered with Irish energy-infrastructure specialist Astatine to launch a new industrial energy-transition platform targeting up to €800m of investment across the UK, Ireland and continental Europe.
The platform will focus on decarbonising hard-to-abate industries such as data centres, food and beverage, cement, pharmaceuticals and manufacturing. Technologies will include solar PV, battery energy-storage systems, substations, industrial heat pumps, heat-recovery systems, and electric vehicle infrastructure.
These systems may be installed directly on client sites or connected to national grids to deliver low-carbon energy.
The partnership launches with a 128MW seed portfolio expected to be operational within two years and a development pipeline exceeding 500MW. Aviva Investors will act as the majority shareholder, providing financial backing, while Astatine will lead on project development, delivery, and operations.
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.”
Tom Marren, CEO and Co-Founder of Astatine, added:
“We are delighted to partner with Aviva Investors on this ambitious platform. Industrial energy users are under increasing pressure to reduce cost while delivering climate and energy security targets. By combining Aviva Investors’ financial strength with our development expertise, we can accelerate the delivery of projects to assist with increasing competitiveness for Europe’s industrial base.”
Kunne said the partnership offers “an opportunity to capture attractive returns in Europe’s industrial decarbonisation market”, praising Astatine’s track record and ability to deliver projects that “reduce energy costs and emissions”.
For the solar sector, the initiative signals continued momentum in on-site and grid-connected PV as a cornerstone of industrial decarbonisation – providing stable, cost-efficient renewable power to energy-intensive industries across Europe.
