Renewable energy leader

We develop and operate:

Solar energy

Biogas energy

Wind energy

Hydrogen energy

KEY numbers

1.5 GW

Project pipeline

<339 GWh

Power produced in 2020

<335 k

Tons of yearly CO2 savings

€ 445 M

Invested over the past 5 years

Achievements in 2021

 

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We have plans to  build 1.5 GW up to 2025. Learn more how the project pipeline looks today.

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News

Green Genius secures over PLN 175m (€ 38.5 m) for 66 MW solar powerplants in Poland

Green Genius and Sequoia Investment Management Company Limited (Sequoia), acting as an investment advisor on behalf of Sequoia Economic Infrastructure Income Fund Limited, came up to an agreement of PLN 175 m (y. e., € 38.5 m) aimed to finance the construction of 66 MW solar PV plants in Poland. “We are delighted to sign our first financing transaction with Sequoia. The combination of Green Genius track record and Sequoia funding will increase green and independent energy generation in the region”, says Rokas Bancevicius, CFO at Green Genius. “We are very pleased to close our first financing transaction with Green Genius on the construction of 66MW of solar energy in Poland. The closing of this transaction extends our investments in the renewable sector and also expands our geography at an important time,” - says Dolf Kohnhorst, Partner at Sequoia. Green Genius, a renewable energy developer operating in 8 European countries plans to complete the construction of 66 MW plants in Poland in early 2023. It is the first debt funding between Sequoia Economic Infrastructure Income Fund, listed on the London Stock Exchange, and Green Genius. Since 2019, Green Genius has already developed three solar PV projects in Poland of a total accumulated capacity 128.1 MW.

Green Genius secures over PLN 175m (€ 38.5 m) for 66 MW solar powerplants in Poland Green Genius and Sequoia Investment Management Company Limited (Sequoia), acting as an investment advisor on behalf of Sequoia Economic Infrastructure Income Fund Limited, came up to an agreement of PLN 175 m (y. e., € 38.5 m) aimed to finance the construction of 66 MW solar PV plants in Poland. “We are delighted to sign our first financing transaction with Sequoia. The combination of Green Genius track record and Sequoia funding will increase green and independent energy generation in the region”, says Rokas Bancevicius, CFO at Green Genius. “We are very pleased to close our first financing transaction with Green Genius on the construction of 66MW of solar energy in Poland. The closing of this transaction extends our investments in the renewable sector and also expands our geography at an important time,” - says Dolf Kohnhorst, Partner at Sequoia. Green Genius, a renewable energy developer operating in 8 European countries plans to complete the construction of 66 MW plants in Poland in early 2023. It is the first debt funding between Sequoia Economic Infrastructure Income Fund, listed on the London Stock Exchange, and Green Genius. Since 2019, Green Genius has already developed three solar PV projects in Poland of a total accumulated capacity 128.1 MW. Green Genius to invest 750 m euros in Lithuania's solar and wind power plants Renewable energy company Green Genius will install 500 MW of solar power plants in Lithuania no later than 2025. It will also install 200 MW of wind farms simultaneously, making a total of 700 MW of wind and solar power plants in Lithuania by 2025. "The European Commission has urgently issued a communication to all members of the EU promoting the development of renewable energy as a matter of particular public interest. And we take our role in this process seriously and responsibly,- says Ruslan Skelpovic, CEO of Green Genius. - Until now, renewable energy has largely addressed the issue of sustainability. However, today it also addresses the challenges of energy independence and socio-economic well-being." The company's solar and wind power plants are being developed in the whole territory of Lithuania. Their operational start is planned for the end of 2024. The company aims to develop a combined solar-wind power plant model too. "This kind of solution would use land more efficiently and ensure the optimal use of electricity networks, thus addressing country's grid capacity matter. In addition, it will allow us to offer our customers mixed solar-wind electricity at a friendlier price,"- R. Sklepovic points out. 500 MW of solar and 200 MW of wind power plants will produce about 10% of Lithuania's electricity needs. It will help prevent ~556,000 tons of CO2 emissions in a single year. This amount of CO2 could be absorbed by 26.5 million young trees. Until 2025 Green Genius intends to invest about 750 m euros in Lithuania's solar and wind power plants. Green Genius and Polenergia join forces for the first offshore competition in Lithuania Renewable energy company Green Genius, which develops solar, biogas, wind, and green hydrogen energy projects in 8 European countries, has signed a cooperation agreement with Poland's largest private energy company, Polenergia. Together, they will seek to win a tender by the Lithuanian state for a wind farm in the Baltic Sea. It will be the first offshore wind farm in Lithuania in the Baltic Sea. The investment agreement between "Green Genius" and "Polenergia" (under which a joint venture will be established to develop the Baltic project in Lithuania) is subject to the approval of the relevant competition authority. "The significance of renewable energy is increasing in days, not in years anymore. To make the tangible change for energy independence in the region, as well as sustainability, we have to act faster and smarter. Therefore, I'm more than excited to go for this partnership, which may offer efficiency and advantage to the whole electricity market in the Baltic Sea region," – Ruslanas Sklepovičius, CEO of "Green Genius", says. "We see the need to show the world that strengthening the economies of this part of Europe is a historical necessity. In this way, we want to emphasize the strategic importance of cross-border cooperation and prove that wind energy is no longer an alternative energy, but traditional energy that will build energy independence," – says Michal Michalski, Ph.D., President of the Management Board of Polenergia. "Polenergia" has solid investment experience in Central Europe. Meanwhile, "Green Genius" is well acquainted with local Lithuanian regulations. The joint forces will create an optimal strategy and competitive technical and business preconditions for an offshore wind farm project. The first offshore wind power project in Lithuania is expected to start operating in 2030 and will have a capacity of 700 MW. The competition for the implementation of this project is planned for September 2023. See more

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