Green Genius expands its business operations into Hungary and Romania

Green Genius, a renewable energy company owned by the international group of companies Modus Group, starts its operations in two new markets – Hungary and Romania. Here the company will develop solar energy projects. Green Genius plans to implement projects with a total capacity of more than 450 megawatts (MW) with a foreseen investment of EUR 300 million in the upcoming years.

“We see a rapidly growing demand for renewable energy throughout Europe. The ambitious goals of the European Union in pursuit of the climate-neutral model encourage countries to increasingly focus on renewable energy development. Hungary and Romania have promising potential for the development of solar projects. At the moment, their solar energy sectors are at the rapid growth phase – more than 1 GW capacity of solar power plants is already installed in both countries.  Geographically they are favourable for such projects, for this reason, we have decided to start our operations here,” says Ruslan Sklepovič, Modus Group’s Board Member responsible for the energy sector and CEO of Green Genius.

Green Genius already opened its office in the Hungarian capital Budapest. In Romania, the office is planned to be opened in the second quarter of 2020. It is foreseen to implement the first projects in 2021.

Upon entering the two new markets, the geographic area of the company’s operations will expand to 8 countries. Apart from Hungary and Romania, Green Genius also develops renewable energy projects (solar and biogas) in Lithuania, Poland, Belarus, Ukraine, Italy, and Spain.

Contact person:
Ugnė Bartašiūtė
Head of Communication at Green Genius
E-mail: ugne.bartasiute@greengenius.eu
Mobile: +370 614 74 046

 

Similar texts

The partnership between Green Genius and Swedbank for the largest biogas production project in the Baltic region 

The renewable energy company Green Genius has strategically decided to start biogas production. Biogas plays a critical role in decarbonizing the transportation sector, serves as an excellent example of a circular economy, and is a useful and efficient method of waste recycling. The company is carrying out the largest project in the Baltic region in ...

Green Fuel Trials Around the Baltic Sea – Hope for the Region’s Ecological Leap

Transport sector pollution accounts for 25% of EU CO2 emissions, making it clear that without transforming this sector, a sustainable future will remain obscured by dense emissions. Alongside heavy ground transport, aircraft play a significant role. In this regard, countries around the Baltic Sea are showing ambition – will these efforts lay the foundation for ...