Kommunalkredit Austria AG's latest investment round will support the expansion of the nationwide PV project pipeline in Germany and strengthen the scalability of GIGA.GREEN's business model.
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GIGA.GREEN [https://www.giga.green/en]a leading provider of commercial solar energy, is pleased to announce the successful completion of a $30 million revolving investment facility with Kommunalkredit Austria AG. This significant investment will support the strategic expansion of distributed photovoltaic infrastructure and strengthen the company's zero-investment solar-as-a-service model for energy-intensive businesses.
As the German industrial sector is under pressure to reduce emissions while keeping costs low, distributed renewable energy is becoming a priority for companies of all sizes. However, a lack of specialist knowledge, high upfront costs and regulatory complexity continue to slow companies down. The GIGA.GREEN model aims to drive the next phase of industrial decarbonization by removing these barriers. The company takes over the planning, financing, installation and operation of solar systems on customers' roofs. Companies, on the other hand, benefit from renting their roof to GIGA.GREEN and having access to long-term, cost-effective solar power [https://www.giga.green/en/about-us].
Commenting on the financing, Wolfgang Robig, co-founder and managing director of GIGA.GREEN, said that this fund represents another significant step in the company's mission to develop and operate solar and charging infrastructure and work with commercial and industrial customers to collectively save one gigaton (1 billion tons) of CO2 [https://www.giga.green/en]. With this funding, GIGA.GREEN can advance its Germany-wide project portfolio with a focus on photovoltaic systems on industrial roofs. The Germany-based company will use the capital to help more companies gain access to clean, affordable electricity without upfront investment.
“We are proud to be making this important contribution to decarbonization together with our team and our customers,” said Wolfgang. “Our goal at GIGA.GREEN is to offer companies an opportunity to improve their sustainability as easily as possible.”
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The new revolving investment facility gives GIGA.GREEN operational agility. The company can now access capital dynamically by directly aligning the use of funds with revenue generation. This will enable GIGA.GREEN to scale its proven Solar-as-a-Service [https://www.giga.green/en/solar-energy-as-a-service/large-corporations] Be a role model and continue to build a valuable portfolio of decentralized photovoltaic systems.
“This financing is another milestone in our mission to make carbon-free energy accessible to companies without their own investments,” added Wolfgang. “Thanks to the revolving structure of the credit line, we can deploy capital flexibly and efficiently across our entire project pipeline. This strengthens our scalability and underlines the institutional quality of our business model.”
The transaction includes a new partner, Kommunalkredit Austria AG, a European specialist bank based in Vienna. Kommunalkredit Austria AG specializes in financing infrastructure projects with a sustainable impact throughout Europe. The bank has established itself as an important partner for projects in the areas of renewable energy, environment, social affairs, transport and communication. The GIGA.GREEN revolving facility reflects Kommunalkredit's ongoing commitment to supporting Europe's transition to sustainable, decentralized energy systems.
David Wagener, Head of Finance at GIGA.GREEN, explained that the collaboration with Kommunalkredit is proof of the bank's trust in the mission and vision of GIGA.GREEN. “We would like to thank Kommunalkredit for the excellent cooperation and for seeing and supporting our vision. This financing solution is tailored to our needs and supports us in implementing our projects efficiently and sustainably.”
As German and European policies continue to prioritize renewable self-generation, GIGA.GREEN is at the forefront of this transformation. With the new financing, GIGA.GREEN wants to expand its active project portfolio in the coming years and continue to establish itself as an important driver of industrial decarbonization in Germany and thus also in Europe.
About GIGA.GREEN:
GIGA.GREEN is one of the leading providers of renewable energy solutions in Germany. GIGA.GREEN GmbH, founded in 2018 by Sebastian Schmidt and Wolfgang Robig, converts unused roof space into clean energy systems for commercial and industrial customers. The company develops photovoltaic solutions that give customers access to cost-effective, long-term solar energy and eliminate the need for upfront investments. GIGA.GREEN also offers solutions for battery and charging infrastructure. The goal is to work with customers to create the largest decentralized solar power plant in Germany, which will help reduce emissions and save one gigaton of CO2.
To learn more about GIGA.GREEN's Solar-as-a-Service model, visit us https://giga.green [https://giga.green/].
Media contact
Company name: GIGA.GREEN
Contact person: Sebastian Schmidt
Email: Send email [http://www.universalpressrelease.com/?pr=gigagreen-secures-30-million-in-financing-for-the-expansion-of-decentralized-photovoltaic-infrastructure]
Country: Germany
Website: https://giga.green
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