“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.
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 ...