Mar 03, 2026
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Brand & Partnerships,
Media release
AllianzGI partners with TotalEnergies to develop c. 800MW of battery storage projects in Germany
Allianz is acquiring a 50% stake in 11 battery storage projects currently under construction in Germany. • This is Allianz´s first direct equity investment in a portfolio of utility-scale battery storage projects. • Joint venture partnership with TotalEnergies to finance, construct and operate assets that will provide important flexibility to the German power market and electricity network. • These 11 projects, representing a total investment of EUR 500 million, will be operational by 2028 and will directly support Germany’s energy transition efforts.