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 obtains €6.9 million financing for an innovative Energy-as-a-Service solution combining a solar PV powerplant with storage systems
Renewable energy company Green Genius, operating in eight European countries, and Citadele Bank in Lithuania have signed a financing agreement worth nearly €7 million. These funds will be allocated to construct a power plant, which will operate with an innovative Energy-as-a-Service solution, enabling it to meet 100% of industrial customers’ electricity needs from renewable sources. ...
Green Genius secures financing for its Romanian project development
Green Genius, a renewable energy company, operating in eight European markets, and Mundus Bridge Finance, the private debt fund of INVL (the leading investment management and life insurance group in the Baltics), have agreed on €9.5 million financing. “Romania is an important market for Green Genius and for European green transition. We aim to develop ...