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 from RGREEN INVEST 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 CO2e, according to Green Genius’ calculation methodology. These parks will provide green electricity to the B2B sector.
ABOUT GREEN GENIUS
Green Genius is a renewable energy company developing, building, and operating solar, biogas, wind, and green hydrogen energy projects. Currently, the company’s projects are being developed in 8 European countries. By 2025, the total capacity of implemented renewable energy projects by Green Genius is expected to reach 2 GW.
Green Genius has accumulated over 15 years of experience. The annual company generates approximately 399 GWh of green energy, saving more than 335 thousand tonnes of CO2. That’s approximately the amount that 16 million trees absorb in a year. Green Genius is a part of the international group of companies Modus Group, present in 11 European markets. ssionnels du secteur.