Green Genius and RGREEN INVEST Make €42M Deal to Build 65.7 MW Solar Parks in Lithuania

Source: 1/16/2023, Location: Not categorized

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 Bancevicius, 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.

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