[et_pb_section fb_built=”1″ admin_label=”section” _builder_version=”4.16″ da_disable_devices=”off|off|off” global_colors_info=”{}” da_is_popup=”off” da_exit_intent=”off” da_has_close=”on” da_alt_close=”off” da_dark_close=”off” da_not_modal=”on” da_is_singular=”off” da_with_loader=”off” da_has_shadow=”on”][et_pb_row admin_label=”row” _builder_version=”4.21.0″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.21.0″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text _builder_version=”4.21.0″ _module_preset=”default” global_colors_info=”{}”]<\/p>\n
Renewable energy company Green Genius has signed a EUR 36.66 million financing agreement with RGREEN INVEST, a French independent investment management company, with over fifteen years\u2019 experience financing the energy transition. This financing will fund the construction of the \u0160eduva solar park with a planned capacity of 78 MW, one of Green Genius\u2019s largest solar projects in Lithuania. <\/span>\u00a0<\/span><\/p>\n The plant will span over 150 hectares and is expected to generate enough green electricity annually to avoid approximately 60,457 tons of CO\u2082 emissions, making a significant contribution to Lithuania\u2019s green energy goals. The connection to Litgrid\u2019s transmission network is planned for the spring of 2027, and the co-located BESS solution is planned to be built around the same time. <\/span>\u00a0<\/span><\/p>\n RGREEN INVEST, a long-term financial partner for Green Genius, has already financed several of the company\u2019s project portfolios with a combined capacity of over 60 MW. <\/span>This financing is provided through INFRABRIDGE IV, one of RGREEN INVEST\u2019s debt funds, which specializes in offering flexible, long-term financing solutions for large-scale renewable energy projects across Europe. With more than 15 years of experience in financing the energy transition, RGREEN INVEST has developed a strong track record in supporting the growth of green infrastructure.<\/span>\u00a0<\/span><\/p>\n \u201c<\/span>This is an important milestone for both Green Genius and Lithuania\u2019s energy sector. This large-scale collocated power plant will supply green and independent energy to the region. Collocated BESS will ensure effective use of the generated energy and support balancing of the grid<\/span><\/i>,\u201d says Rokas Bancevi\u010dius, CFO of Green Genius.\u00a0<\/span>\u00a0<\/span><\/p>\n \u00a0<\/span><\/p>\n Mathilde Ketoff, Partner & Head of Debt at RGREEN INVEST adds<\/span>: \u201e<\/span><\/i>This financing reflects our long-term commitment to supporting projects which contribute to European energy transition and independence. This investment aligns with our strategy to support reliable and innovative partners like Green Genius, whose work in advancing green energy solutions resonates with RGREEN INVEST\u2019s mission to accelerate the transition to a low-carbon and sovereign European energy model.<\/span><\/i>\u00a0<\/span><\/p>\n<\/blockquote>\n \u00a0<\/span><\/p>\n About Green Genius\u00a0<\/span><\/b>\u00a0<\/span><\/p>\n Green Genius is a renewable energy company, partly owned by EBRD, on a mission to empower sustainability for people, nature, and the planet. Operating across 8 European markets, the company drives decarbonisation in the energy and transport sectors through solar, wind, battery storage, and biomethane solutions. With 19 years of expertise, Green Genius is at the forefront of Europe\u2019s clean energy transition, aiming to reach over 1 GW of operational renewable capacity.<\/span>\u00a0<\/span><\/p>\n <\/span><\/p>\n About RGREEN INVEST<\/span><\/b>\u00a0<\/span><\/p>\n RGREEN INVEST is a Paris based investment management company, with over fifteen years\u2019 experience financing the energy transition. B Corp-certified, and a mission-driven company, RGREEN INVEST brings European entrepreneurs in the industry a comprehensive tailored range of financial solutions, in both equity and debt, to support their growth. RGREEN INVEST’s purpose is to accelerate the energy transition, strengthen energy sovereignty and independence, and mitigate climate change while fostering adaptation.<\/span>\u00a0<\/span><\/p>\n \u202fWith 50 specialized and experienced professionals, RGREEN INVEST has already supported over 3,000 projects mainly in Europe amounting to more than 3.4 billion euros managed since inception.<\/span>\u00a0<\/span><\/p>\n <\/p>\n <\/p>\n [\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":" Renewable energy company Green Genius has signed a EUR 36.66 million financing agreement with RGREEN INVEST, a French independent investment management company, with over fifteen years\u2019 experience financing the energy transition. This financing will fund the construction of the \u0160eduva solar park with a planned capacity of 78 MW, one of Green Genius\u2019s largest solar […]<\/p>\n","protected":false},"author":8,"featured_media":1759,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","inline_featured_image":false,"footnotes":""},"categories":[45],"tags":[],"annees":[52],"sp_smart_badges":[],"class_list":["post-6210","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-press-releases","annees-2023-en"],"yoast_head":"\n\n