“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

Green Genius confirm €179 million investments in solar power plants in the Baltic States

The renewable energy company Green Genius, operating in 8 European countries, has obtained permits to build solar power plants in Lithuania and Latvia. The company will install a 78 MW solar power plant near Seduva, Central-North of Lithuania. Meanwhile, in Latvia, the construction will amount to 120.8 MW of solar.   The construction of both ...

Green Genius secures 92 million loan to construct wind park in Western Lithuania

Renewable energy company Green Genius, operating in 8 European markets, signed 92 million EUR loan with Swedbank in Lithuania. These funds will be used for the construction of an 80 MW wind farm in Jurbarkas district, Western Lithuania.   “80MW wind farm in Lithuania will further improve Green Genius development and construction portfolio diversification in terms ...