Renewable energy leader

We develop and operate:

Solar energy

Biogas energy

Wind energy

Hydrogen energy

KEY numbers

1.5 GW

Project pipeline

<399 GWh

Power produced in 2020

<335 k

Tons of yearly CO2 savings

€ 445 M

Invested over the past 5 years

What is Green Genius?

To make a change, it takes accountability first. There is a story about how we empower sustainability.

Achievements in 2021

 

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Portfolio review

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

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News

Luminor Lithuania to grant 12m EUR green guarantees to Green Genius 

The renewable energy company "Green Genius" and the "Luminor" bank in Lithuania agreed on enlarging the limit of green guarantees to 12m EUR. It is already the third agreement between the two partners on green guarantees.  "The green guarantees provided by the bank to the green energy developer create opportunities for faster and more stable development of green energy projects. These projects will increase the generation of green and independent energy and the region's energy security. We highly value this reliable partnership with Luminor and the mutually created value-based cooperation," says Rokas Bancevicius, CFO of Green Genius. Green guarantees differ from other guarantees as their purpose is clearly defined - they are used only for green projects. Guarantees usually become an essential incentive for green projects in their early stages. "Three main goals of Luminor Bank are promoting sustainable economic growth, mitigating climate change, and building strong institutions. By financing the development of green energy, we contribute to promoting a sustainable economy. This is the ambition of Luminor Bank today, and it's great that we can do it in cooperation with our long-standing partners," says Andrius Načajus, head of Luminor Lithuania. The first green guarantee agreement between "Green Genius" and Luminor Lithuania was signed a year and a half ago, i.e., in the spring of 2021.

Luminor Lithuania to grant 12m EUR green guarantees to Green Genius  The renewable energy company "Green Genius" and the "Luminor" bank in Lithuania agreed on enlarging the limit of green guarantees to 12m EUR. It is already the third agreement between the two partners on green guarantees.  "The green guarantees provided by the bank to the green energy developer create opportunities for faster and more stable development of green energy projects. These projects will increase the generation of green and independent energy and the region's energy security. We highly value this reliable partnership with Luminor and the mutually created value-based cooperation," says Rokas Bancevicius, CFO of Green Genius. Green guarantees differ from other guarantees as their purpose is clearly defined - they are used only for green projects. Guarantees usually become an essential incentive for green projects in their early stages. "Three main goals of Luminor Bank are promoting sustainable economic growth, mitigating climate change, and building strong institutions. By financing the development of green energy, we contribute to promoting a sustainable economy. This is the ambition of Luminor Bank today, and it's great that we can do it in cooperation with our long-standing partners," says Andrius Načajus, head of Luminor Lithuania. The first green guarantee agreement between "Green Genius" and Luminor Lithuania was signed a year and a half ago, i.e., in the spring of 2021. 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. See more

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