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 and construct 500 MW of renewable energy projects in the coming years in that market” states Rokas Bancevicius, CFO of Green Genius. 

Green Genius has entered the Romanian market in 2020, setting up an office in Bucharest later. The company is engaged in green field solar and wind project development in Romania and sometimes considers projects for acquisition at an early development stage as well.   

 Romania’s geographic location is particularly favorable for solar PV due to its high number of sunny days. In addition, the regulatory environment in the country has recently improved. As a result, renewable energy projects in Romania are gaining increasing attention from international investors. 

 “Our team has extensive experience in assessing the risk of such projects, as financing renewable energy projects forms part of the fund’s portfolio,” says Viktorija Vaitkeviciene, Head of Mundus, the asset management company that manages the private debt fund Mundus Bridge Finance. 

 

Similar texts

Green Genius Switches on the Largest Single-Site Solar Park in the Baltics

A record-breaking 120.8 MW solar park has commenced operations in the Jēkabpils region, Latvia. This is the largest project in the Baltic States by installed capacity, concentrated at a single site, representing a EUR 96 million investment by the renewable energy company Green Genius. Due to its significant importance to the national energy sector, the ...

“Swedbank” provides €25 million financing for “Green Genius” battery energy storage system project

“Swedbank” has granted €25.3 million in financing to “EKO Srautas”, a company owned by the international renewable energy company “Green Genius”. The funds will be used for the construction of a 196 MWh battery energy storage system (BESS) in Antkalniškiai village, Jurbarkas district. The project will be located next to “Green Genius’” first wind farm ...