Green Genius and RGREEN INVEST make €42M deal to build 65.7 MW solar parks in Lithuania

Renewable energy company Green Genius, operating in 8 European markets, and RGREEN INVEST, an investment company based in Paris, France, arranged a financial agreement to build eight solar PV projects in Lithuania – amounting to a total capacity of 65.7 MW.

Both companies share a strong aspiration toward sustainability. “The green transition requires capital providers with financial and specific technical competence in the renewable energy field. That is what makes our partners so appreciated. The funding empowers us to deliver additional green and independent generation capacity to Lithuania,” – said Rokas Bancevičius, CFO at Green Genius.

“Faced with the imperative to sever European dependence on energy imports, it is crucial to remain operational by finding substitutes to our carbon-intensive electricity mix,” -stresses Nicolas Rochon, RGREEN INVEST’s CEO. – “Boasting increasingly shorter development durations and cost efficiency, renewables enable us to decarbonize our interconnected European grid and increase our entire continent’s energetic independence.”

The solar power plants in Lithuania are scheduled to be built by 2024. They are projected to generate an estimated 82 400 MWh of green energy per year, and save over 34 600 tons of CO2, according to Green Genius’ calculation methodology. These parks will provide green electricity to the B2B sector.

Similar texts

Green Genius Connects 78 MW Hybrid Solar Park to the Grid in Šeduva

Spanning over 150 hectares, the 78-megawatt (MW) Green Genius solar park in Šeduva is already generating electricity and transmitting it to the Lithuanian electricity transmission grid. A 15 MW and 60 MWh battery energy storage system (BESS) is also undergoing final testing at the complex. This is the company’s first project connected directly to the ...

Green Genius Connects Lithuania’s Largest Capacity Commercial Battery to the Grid in Jurbarkas

Renewable energy company Green Genius has successfully connected a 49 MW / 196 MWh battery energy storage system (BESS) to the electricity grid, located next to its operational 80 MW wind farm in Jurbarkas. This is currently the largest capacity commercial battery in Lithuania, distinguished primarily by its four-hour operating duration at maximum power. The ...