Cordiant Capital partners with Green Genius to Drive 32.6 MW Solar Power Expansion in Lithuania

Green Genius, a European renewable energy company, is pleased to announce it has signed a financing agreement with Cordiant Capital, a specialist global infrastructure and real assets investment manager, to construct four solar power plants with a total capacity of 32.6 megawatts (MW) in Lithuania.

This transaction marks Cordiant’s inaugural project investment in Lithuania and represents a significant step forward in advancing renewable energy development in the Baltic region. This strategic partnership will mobilise project financing to accelerate Lithuania’s push toward energy independence while supporting the EU’s ambitious 2030 renewable energy targets.

 

“This financing agreement is another milestone in Green Genius’ journey to empower sustainability,” said Rokas Bancevičius, CFO of Green Genius. “Once again, we have successfully brought a new investor to the region. We are thrilled to partner with Cordiant Capital. Their commitment to infrastructure investment perfectly aligns with our mission to electrify the modern world.”

“This collaboration underscores Cordiant’s dedication to supporting impactful projects globally,” said Emmanuel Braoudakis, Managing Director and head of Energy Transition Direct Lending at Cordiant Capital. “Green Genius’s expertise and innovation make them the ideal partner for this transformative initiative, and we are excited to build on this financing partnership with Green Genius in the Baltics and beyond.” The 32.6 MW solar projects, once operational, are expected to significantly reduce carbon emissions, supporting the EU’s climate goals. These projects will avoid an estimated 9,780 tons of CO2 annually, equivalent to removing over 3,400 cars from the roads each year. The electricity generated will enhance Lithuania’s energy grid with sustainable, locally produced power.

Similar texts

Green Genius Connects Lithuania’s Largest Capacity Commercial Battery to the Grid in Jurbarkas

Renewable energy company Green Genius has successfully connected a 49 MW / 196 MWh battery energy storage system (BESS) to the electricity grid, located next to its operational 80 MW wind farm in Jurbarkas. This is currently the largest capacity commercial battery in Lithuania, distinguished primarily by its four-hour operating duration at maximum power. The ...

Green Genius Secures up to €14 Million in Development Financing from INVL Bridge Finance Fund for Solar Projects in Italy

Green Genius, a European renewable energy company, has secured a development financing agreement of up to €14.1 million with the INVL Bridge Finance Fund (INVL). The capital will support the continued development of the company’s solar energy portfolio in Italy.  A part of the financing will be used to refinance an existing loan from Kommunalkredit Austria ...