Post by Santander Corporate & Investment Banking

We are pleased to have acted as Financial Advisor and Mandated Lead Arranger to GIGA Storage and InfraVia Capital Partners in raising ca. €450m in debt financing for the construction of Project Green Turtle, one of Europe's largest battery energy storage projects. With a capacity of 700 MW / 2,800 MWh, Green Turtle will play a key role in strengthening Belgium’s electricity system by enhancing grid flexibility. Green Turtle will be vital infrastructure for Elia Group and the Belgian electricity grid. At peak moments, it will be capable of supplying electricity equivalent to the daily consumption of approximately 385,000 households. The transaction marks another important milestone in the development of large-scale battery storage infrastructure in Europe and reinforces Santander Corporate & Investment Banking's commitment to supporting clients with innovative financing solutions that accelerate the energy transition. Congratulations to GIGA Storage, InfraVia Capital Partners, our Structured Finance Energy team and all parties involved for this landmark transaction.