Vilnius-based renewable energy company Green Genius has secured up to €100 million in equity investment from the European Bank for Reconstruction and Development (EBRD). This investment will make EBRD a minority shareholder in Green Genius, boosting its plans to expand renewable energy projects across Europe. The deal, pending competition authority approval, aims to enhance Europe’s energy security and drive the clean energy transition.
With this funding, Green Genius plans to develop over 2 gigawatts (GW) of renewable energy projects by 2029, focusing on markets such as the Baltics, Poland, and Romania. The company specializes in biogas, biomethane, wind, and solar projects, generating over 320 GWh of green energy annually, which helps prevent the emission of 212,000 tons of CO2.
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Strategic Partnership for Sustainable Growth
CEO Ruslan Sklepovič expressed excitement over the partnership with EBRD, noting that it will enable Green Genius to invest more actively in new renewable projects and transition into an independent power producer. The funding will also enhance Green Genius’ governance, environmental, social, and governance (ESG) policies, ensuring more efficient and sustainable energy practices.
Largest EBRD Investment in the Baltic Region
This transaction marks EBRD’s largest single equity commitment in the Baltic States, highlighting the bank’s long-term dedication to fostering green energy development. EBRD’s Tomas Kairys emphasized that the investment will support the company’s ambitious expansion into European Union markets and serve as a role model for future renewable energy projects in the region.
