Green Genius secures over PLN 175m (€ 38.5 m) for 66 MW solar powerplants in Poland
Green Genius and Sequoia Investment Management Company Limited (Sequoia), acting as an investment advisor on behalf of Sequoia Economic Infrastructure Income Fund Limited, came up to an agreement of PLN 175 m (y. e., € 38.5 m) aimed to finance the construction of 66 MW solar PV plants in Poland.
“We are delighted to sign our first financing transaction with Sequoia. The combination of Green Genius track record and Sequoia funding will increase green and independent energy generation in the region”, says Rokas Bancevicius, CFO at Green Genius.
“We are very pleased to close our first financing transaction with Green Genius on the construction of 66MW of solar energy in Poland. The closing of this transaction extends our investments in the renewable sector and also expands our geography at an important time,” – says Dolf Kohnhorst, Partner at Sequoia.
Green Genius, a renewable energy developer operating in 8 European countries plans to complete the construction of 66 MW plants in Poland in early 2023. It is the first debt funding between Sequoia Economic Infrastructure Income Fund, listed on the London Stock Exchange, and Green Genius. Since 2019, Green Genius has already developed three solar PV projects in Poland of a total accumulated capacity 128.1 MW.
Green Genius and Respect Energy signs 10 year PPA
Green Genius and Respect Energy have signed a 10-year PPA agreement. As part of it, Green Genius will supply 25 GWh of green energy annually to Respect Energy and its customers, allowing to save the emission of more than 180 000 tonnes CO2 during its tenor. PPA contracts are one of the key elements for ...
Berenberg Green Energy Junior Debt Fund is to partly finance a 69 MWp solar park portfolio for Green Genius in Poland
Vilnius/Hamburg. 20 September 2022. The private bank Berenberg and the international renewable energy company Green Genius begin their cooperation with a solar park portfolio in Poland. The Berenberg Green Energy Junior Debt Funds provides mezzanine financing of €22 m, which, along with other financial resources, is to be used for the construction and operation of 69 ...