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

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 ...

Green Genius Strengthens Governance: Seeking Independent Supervisory Board Member

International renewable energy company Green Genius, belonging to Modus Group, has initiated the search for an independent member for its newly created supervisory board. In October, the company also announced attracting a €100M investment from the European Bank for Reconstruction and Development (EBRD), which will become a minority shareholder, supporting Green Genius’s growth and sustainability goals.  Along with the ...