The Sherpa Signal · 2026-10-27 RARE PAIRING
€260m funds 350MW German battery project
Financing links ING, CATL, Amprion with GIGA Storage
GIGA Storage secures €260 million financing for 350 MW / 1,400 MWh Albatross BESS
Deal value
EUR 260M
Country
Germany
Announced
2026-10-23
KEY FACTS
TypeFinancing
ValueEUR 260M
SectorStorage
CountryGermany
Announced2026-10-23
THE PARTIES
GIGA StorageBorrower
INGAdvisor Buy
CATLSupplier
AmprionPartner
Standout EUR 260M Storage financing
Sherpa analysis
The deal confirms CATL’s aggressive entry into European grid-scale storage by securing a supply role on a large German BESS. This move aligns with Europe’s drive for grid resilience and gives CATL a direct channel to utilities like Amprion. The partnership expands CATL’s market exposure beyond China and positions it as a key supplier in Germany’s storage rollout.
Parties
- Société Générale (Lender)
- Rabobank (Lender)
- ING (Advisor Buy)
- SMBC (Lender)
- Clifford Chance (Legal Buy)
- Siemens Financial Services (Lender)
- CATL (Supplier)
- ABN AMRO (Lender)
- White & Case (Legal Sell)
- Siemens Bank (Lender)
- Amprion (Partner)
- GIGA Storage (Borrower)
- Hamburg Commercial Bank (Lender)
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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