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.
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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 ...