Renewable energy leader

We develop and operate:

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Solar energy

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Biogas energy

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Wind energy

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Hydrogen energy

KEY numbers

>2 GW

Project pipeline

>315 GWh

Power produced in 2022

>210 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.

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Portfolio review

We have plans to develop 2 GW up to 2025. Learn more how the project pipeline looks today.

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News
Green Genius confirm €179 million investments in solar power plants in the Baltic States

The renewable energy company Green Genius, operating in 8 European countries, has obtained permits to build solar power plants in Lithuania and Latvia. The company will install a 78 MW solar power plant near Seduva, Central-North of Lithuania. Meanwhile, in Latvia, the construction will amount to 120.8 MW of solar.   The construction of both power plants is planned to start by mid-2024. The solar power plant in Seduva, Lithuania, will spread over 140 hectares. Green Genius will invest €70 million in its construction. In Central-South Latvia, near the city of Jekabpils, the planned solar park will occupy an area of 153 hectares. For its installation, Green Genius intends to invest €109 million. "The markets in the Baltic countries have reached a certain new stage of maturity when new opportunities to develop large-scale projects arise alongside the development of usual smaller-scale solar parks. Each of the large-scale projects will be of great importance in decentralizing the energy sources and strengthening the energy independence of the entire region," - says Simonas Sileikis, Head of Solar Business at Green Genius. He adds: "So far, Green Genius has been developing large-scale projects only in Western European countries, mainly Spain and Italy. The opportunity to apply this experience and knowledge to the Baltic region seems extremely meaningful to me." Both solar power plants in Lithuania and Latvia are planned to start operating in 2025. They will supply green electricity to the B2B sector. These two solar plants will produce 245 GWh of electricity yearly, which would be enough for almost 82,000 households. Each year, they will also save close to 102,000 t of CO2 - the amount processed by nearly 5 million trees yearly.

Green Genius confirm €179 million investments in solar power plants in the Baltic States The renewable energy company Green Genius, operating in 8 European countries, has obtained permits to build solar power plants in Lithuania and Latvia. The company will install a 78 MW solar power plant near Seduva, Central-North of Lithuania. Meanwhile, in Latvia, the construction will amount to 120.8 MW of solar.   The construction of both power plants is planned to start by mid-2024. The solar power plant in Seduva, Lithuania, will spread over 140 hectares. Green Genius will invest €70 million in its construction. In Central-South Latvia, near the city of Jekabpils, the planned solar park will occupy an area of 153 hectares. For its installation, Green Genius intends to invest €109 million. "The markets in the Baltic countries have reached a certain new stage of maturity when new opportunities to develop large-scale projects arise alongside the development of usual smaller-scale solar parks. Each of the large-scale projects will be of great importance in decentralizing the energy sources and strengthening the energy independence of the entire region," - says Simonas Sileikis, Head of Solar Business at Green Genius. He adds: "So far, Green Genius has been developing large-scale projects only in Western European countries, mainly Spain and Italy. The opportunity to apply this experience and knowledge to the Baltic region seems extremely meaningful to me." Both solar power plants in Lithuania and Latvia are planned to start operating in 2025. They will supply green electricity to the B2B sector. These two solar plants will produce 245 GWh of electricity yearly, which would be enough for almost 82,000 households. Each year, they will also save close to 102,000 t of CO2 - the amount processed by nearly 5 million trees yearly.
Green Genius secures 92 million loan to construct wind park in Western Lithuania Renewable energy company Green Genius, operating in 8 European markets, signed 92 million EUR loan with Swedbank in Lithuania. These funds will be used for the construction of an 80 MW wind farm in Jurbarkas district, Western Lithuania.   "80MW wind farm in Lithuania will further improve Green Genius development and construction portfolio diversification in terms of geography and technology. Being one of the largest projects in the country it will also support  the region's pursuit towards decarbonization and energy independence. ," says Rokas Bancevičius, CFO of Green Genius.    The wind park will start generating green electricity in 2025 and will be the largest such park in the Jurbarkas region. It will provide business enterprises in Lithuania with green electricity, saving more than 130,000 tons of CO2 per year.   
Green Genius to implement a new industrial solar PV-plus-storage solution for a sustainable brewery in Lithuania Green Genius, a renewable energy company operating in 8 European countries, has entered into a novel Energy-as-a-Service power purchase agreement (PPA) with Lithuanian brewer Svyturys-Utenos Alus (SUA), part of the Carlsberg Group.   As part of agreement, Green Genius will develop, construct, commission, and operate two first of their kind PV-plus-storage systems in Lithuania that will provide renewable energy to the Utenos alus brewery, and cover 100% of its annual demand with carbon-free electricity. The novel Energy-as-a-Service agreement is the first of its kind in Lithuania and in the Baltics more broadly, and accelerates progress towards the Carlsberg Group’s ZERO Carbon Footprint ambition. The PPA agreement between the two parties is linked to Green Genius’s InnoSolveGreen project that has been recently recognised by the European Climate, Infrastructure and Environment Executive Agency (CINEA) under the Innovation Fund Small Scale Call 2021 for its potential to reduce greenhouse gas emissions and accelerate the transition of European industries towards carbon-free economy. The project's total value is 7.5 M EUR, of which 2.6 M EUR is funded by the European Union Emissions Trading System – Innovation Fund, and Green Genius covers the rest. The InnoSolveGreen project will involve installation and commissioning of two PV-plus-storage systems. The first system (so-called on-site system) will be implemented at the site of SUA Utenos alus brewery in Utena city, Lithuania, by May 2024, while the second system (so-called off-site system) will be implemented at a new utility-scale site near Butrimonys town, Lithuania, and start its operations by January 2025. Maximising solar PV capacity with battery energy storage systems  The recent PPA agreement builds on an existing partnership between Green Genius and SUA that has been established back in 2018, when Green Genius installed a 1.0 MW solar PV plant on the Utenos alus brewery’s rooftops. This time, during implementation of the InnoSolveGreen project, Green Genius will install a new additional 1.5 MW solar PV system on the remaining brewery’s rooftops, and increase the on-site solar PV capacity to a maximum extent. To accommodate this significant expansion without impeding local electrical grid, a 2.0 MWh battery energy storage system will be installed and efficiently deployed to meet the brewery’s electricity demands – at the right place, at the right time, and at the required scale. Moreover, the on-site solar PV capacity will be complemented by a new 5.0 MW off-site utility-scale solar PV plant that will be developed near Butrimonys town, Lithuania. The Butrimonys off-site plant will not only feature the latest solar PV technology, but also demonstrate a 4.0 MWh battery energy storage system integrated in a novel DC-and-AC connected configuration. The off-site battery energy storage system and its unique configuration will demonstrate a pathway for renewables integration into limited capacity electrical grids, as well as increase the asset’s flexibility. Together, the Utenos alus on-site and Butrimonys off-site solar PV-plus-storage systems will enable SUA Utenos alus brewery to source 100% of its electricity from locally produced solar PV energy. A pioneering example for Lithuania, the Baltic States, and the whole Europe  Green Genius and SUA believe in the high potential and pioneering nature of the endeavour. The shared hope is for other Lithuanian and EU businesses observe and adopt the InnoSolveGreen solution, as they too work to decarbonise operations and build energy self-sufficiency. Ruslanas Sklepovicius, CEO of Green Genius: "It will be the first autonomous green electricity solution for industrial users in the Baltic States. Therefore, we see this project as an essential milestone toward sustainability and energy independence in the region”. Rolandas Virsilas, CEO of SUA, outlines the ambition: "We have clear commitments to the environment and our customers. Therefore, this project is undoubtedly important to us. For a long time, we have been using only electricity from renewable sources. Now we are raising the bar higher - we will use only local and only self-produced electricity that contributes new green electricity to the grid. I believe that our example will encourage other Lithuanian businesses to take similar actions, because by investing in new green energy capacities, we are not only getting involved in the green transformation, but also taking care of Lithuania's energy security, which, as the events of recent years show, is extremely important".
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