Luminor and Green Genius sign €10.3 m deal 

Renewable energy company Green Genius signs 10.3 m deal with Luminor Bank in Lithuania. The loan is to be used to construct remote solar parks in Lithuania. 

The total capacity of remote solar parks will be 15.7 MW. Lithuania’s remote solar park model enables the production and usage of green electricity in different locations. For example, electricity produced in a remote solar park in West Lithuania might be used in South Lithuania or elsewhere in the country.  

“Stability and the ability to adapt to constantly changing market conditions are crucial to achieving green energy and energy independence goals. Therefore, the role of financial institutions is an essential one. That’s why we highly appreciate Luminor’s reliable partnership,” says Rokas Bancevičius, CFO of Green Genius. 

“Green energy projects are considered a priority, so we actively support companies implementing environmentally significant plans in Lithuania,” says Andrius Načajus, Head of Luminor bank in Lithuania. 

It is already the second loan of this type in 2022, as Luminor and Green Genius signed a €20 m value transaction back in February. These funds are used to construct remote solar parks with a capacity of 35 MW in Lithuania.  

Similar texts

“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 ...

NIB and NORD/LB co-finance Green Genius’ solar projects in Lithuania

NIB and NORD/LB lend up to EUR [64] million for two new solar farms in Lithuania The solar farms in Izabelinė and Lieponys will have a combined capacity of 182 MWp This is Green Genius’ first partnership with NIB The Nordic Investment Bank (EUR 28 million) and NORD/LB (EUR 36 million) have both signed financing ...