Japanese real estate and renewables investor Ichigo Inc has announced the acquisition of a 24.39% stake in German renewable energy solutions provider GIGA.GREEN. The investment, totaling EUR 25 million (USD 27 million), aims to strengthen GIGA.GREEN's position in Germany's renewable energy sector.
GIGA.GREEN specializes in designing, developing, and operating commercial solar energy systems, battery storage solutions, and electric vehicle charging infrastructure across Germany. Ichigo's infusion of capital is expected to fuel further growth and innovation within GIGA.GREEN, supporting its efforts to expand operations and develop advanced technologies.
“This investment enables us to help more companies achieve energy independence, bringing us a step closer to our goal of saving one gigaton of CO2 through GIGA.GREEN's renewable energy activities,” remarked Sebastian Schmidt and Wolfgang Roebig, co-founders and co-CEOs of GIGA.GREEN.
The funds from Ichigo will primarily be directed towards enhancing technological advancements and scaling up the team at GIGA.GREEN, reinforcing its capabilities to deliver sustainable energy solutions in the German market.
