Renewable energy company Green Genius, operating in 8 European markets, signed 92 million EUR loan with Swedbank in Lithuania. These funds will be used for the construction of an 80 MW wind farm in Jurbarkas district, Western Lithuania.
“80MW wind farm in Lithuania will further improve Green Genius development and construction portfolio diversification in terms of geography and technology. Being one of the largest projects in the country it will also support the region’s pursuit towards decarbonization and energy independence,” said Rokas Bancevičius, CFO of Green Genius.
The wind park will start generating green electricity in 2025 and will be the largest such park in the Jurbarkas region. It will provide business enterprises in Lithuania with green electricity, saving more than 130,000 tons of CO2 per year.
Green Genius is a renewable energy company developing, building, and operating solar, biogas, wind, and green hydrogen energy projects. Currently, the company holds a substantial pipeline of over 2 GW of assets in various stages of development and construction in 8 European countries.
Green Genius has accumulated over 15 years of experience. Annually, the company generates approximately 315 GWh of green energy, saving more than 210,000 tons of CO2. That’s approximately the amount that 10 million trees absorb in a year. Green Genius is a part of the international group of companies Modus Group, present in 11 European markets.