The Sherpa Signal · 2026-07-10 FIRST MOVE
Infravia's First Storage: €450M for Green Turtle
GIGA Storage secures €450 million debt for 700 MW Belgian battery project.
Deal value
$450M
Capacity
700 MW
Country
Belgium
Announced
2026-07-10
THE DEAL
Lead roleInvestor
SectorStorage
CountryBelgium
Announced2026-07-10
THE PATTERN
Usual sectorsTelecom, Transmission, Mining
Prior Storage deals0
Tracked deals10
Standout First Storage deal across 10+ tracked Infravia Capital Partners transactions
Sherpa analysis
Infravia Capital Partners, with 11 tracked deals, makes its first move into storage, backing GIGA Storage's Green Turtle. This €450 million financing, involving Santander and ING, supports a 700 MW / 2,800 MWh battery energy storage project in Belgium, with Tesla as supplier. Infravia's prior 10 tracked deals were in Telecom, Transmission, and Mining.
Parties
- Santander (Lender)
- Infravia Capital Partners (Investor)
- Tesla (Supplier)
- Clifford Chance (Legal Buy)
- ING (Lender)
- Rabobank (Lender)
- SMBC (Lender)
- Norton Rose Fulbright (Legal Sell)
- ABN AMRO (Lender)
- Triodos Bank (Lender)
- Triodos Investment Management (Lender)
- Belfius (Lender)
- GIGA Storage (Developer)
- Hamburg Commercial Bank (HCOB) (Lender)
- asr (Lender)
- Elia (Offtaker)
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The Sherpa Signal highlights one notable infrastructure transaction each day, drawn from the deals we track. Editorial commentary for information only — not investment advice. · Global Infrastructure Sherpa