Japanese sustainable infrastructure company Ichigo has acquired a 24.39% stake in GIGA.GREEN, a provider of renewable energy solutions based in Germany.

The €25m (Y4.37bn) investment marks a significant move for Ichigo as it expands its global footprint in sustainable infrastructure.

GIGA.GREEN co-founders and co-CEOs Sebastian Schmidt and Wolfgang Röbig stated: “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.”

“We are thrilled to have a strong and sustainable partner by our side, allowing us to provide more businesses with easy access to affordable and renewable electricity and accelerate our growth.”

GIGA.GREEN specialises in the design, development and operation of commercial solar energy systems, battery storage and charging infrastructure in Germany.

The strategic partnership will bolster GIGA.GREEN's operations and enhance its market presence in the country.

The funds from Ichigo's investment will be channelled primarily into the development of technologies aimed at boosting efficiency.

GIGA.GREEN also plans to utilise the investment to grow its team, further supporting its expansion efforts.

Ichigo chairman Scott Callon stated: “We are very excited about the partnership with GIGA.GREEN, a leading and innovative provider of renewable energy solutions in Germany. Climate change is real, and we need to act globally to reduce its devastating impact.

“We have thus been looking for a strong global renewable energy partner that shares Ichigo’s values of working co-operatively for a more sustainable world. GIGA.GREEN is that partner. Together, we will drive the energy transition and develop sustainable solutions for future generations.”