ICG, the global alternative asset manager, today announces that its Asia-Pacific Infrastructure strategy (“ICG APAC Infra”) has entered into a strategic partnership with Hanwha Energy Corporation Japan (“HECJ”) to collaborate on energy transition and infrastructure opportunities in Japan.
ICG and HECJ will work together to explore, invest in, and develop renewable energy, energy transition and digital infrastructure projects in one of the world’s largest electricity markets. Japan is a key market for ICG APAC Infra, underpinned by strong structural demand for decarbonisation solutions and significant long-term investment opportunities across solar, battery energy storage systems (“BESS”) and digital infrastructure.
The partnership builds on ICG’s existing presence in Japan, including its investments in Voltaiyo, a solar platform, and Ray8, a BESS platform. It is expected to enhance ICG’s growth pipelines and thereby increase access to attractive off-market opportunities, serving as an additional channel for growth. The partnership will jointly identify and progress opportunities across renewable energy, energy transition and related infrastructure sectors, including solar and battery storage assets, with a view to supporting Japan’s transition to a lower-carbon economy.
HECJ is the Japanese integrated renewable energy platform of Hanwha Group, Korea’s fifth largest conglomerate, a Fortune Global 500 company, and a leading global renewables player with a 17.8GW development track record across the US, Europe and APAC.
Devarshi Das, Head of ICG Asia-Pacific Infrastructure, said:
Japan represents a core market for our APAC Infrastructure strategy, with attractive long-term fundamentals driven by the energy transition. Partnering with Hanwha Energy Corporation Japan strengthens our local origination capabilities and provides access to a high-quality pipeline of opportunities. We are delighted to be working alongside a partner with such strong technical expertise and an established track record in the market.
Hoonjong Choi, President of Hanwha Energy Corporation Japan, added:
We are delighted to partner with ICG. Building on our development expertise in Japan, ICG’s global investment platform will enable HECJ to broaden its pipeline and strengthen its capabilities in support of Japan’s energy transition.
– ENDS –
For further information please contact:
ICG
Clare Glynn
Head of Corporate Communications
+44 20 3545 1395
[email protected]
Global Gate Capital
Doyun Kim
Head of Strategy & Planning
+81 3 5441 5942
[email protected]
About ICG
ICG (LSE: ICG) is a global alternative asset manager with $126bn* in AUM and more than three decades of experience generating attractive returns. We operate from over 20 locations globally and invest our clients’ capital across Structured Capital; Private Equity Secondaries; Private Debt; Credit; and Real Assets. Our exceptional people originate differentiated opportunities, invest responsibly, and deliver long-term value. We partner with management teams, founders, and business owners in a creative and solutions-focused approach, supporting them with our expertise and flexible capital. For more information visit our website and follow us on LinkedIn.
*As at 31 March 2026.
About Hanwha Energy Corporation
Hanwha Energy Corporation is a comprehensive energy solutions company under Hanwha Group, with businesses spanning solar power, energy storage systems (ESS), LNG and cogeneration. Building on a track record across generation, storage and renewable energy solutions in Korea and global markets, the company aims to become a leading global renewable energy developer.
Hanwha Energy Corporation Japan (“HECJ”) is the Japanese integrated renewable energy platform of Hanwha Energy, developing and operating solar, BESS and related energy transition assets in Japan.
For more information, visit www.hanwha-energy.com.
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