“Green Genius” signs the first development contract in Romania

Renewable energy company Green Genius signs the first solar development contract in Romania and thereby begins the implementation of its total 500MW solar portfolio in this country.  

 “The solar business is being re-evaluated in many countries now, and this transition in perception is mostly driven by the urge. The need of accelerating solar development naturally creates new possibilities in some countries. Allowing ourselves to adapt and act promptly, we’re about to double our solar portfolio in Europe this year”, – points out Simonas Šileikis, Head of Solar Business at Green Genius.  

 “Romania has been on our maps for couple of years now as a country with a substantial potential for developing renewables, so much needed by Europe currently,” – says Filip Sypko, Head of Global Business Development at “Green Genius”. – “It is well planned milestone in our journey towards empowering sustainability and providing more of economic stability in the continent.” 

 For the development of the first stage “Green Genius” has chosen local Romanian developers with well tracked history of experienced. The cooperation will start by developing a 10 MW solar park at the South of Romania, investing over 8m. At the moment, “Green Genius” has nearly 180 MW early-stage projects in Romania and aims to build solar portfolio of total 500MW in 3 years. Romania is one of eight countries in Europe, where “Green Genius” operates. 

 

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 ...