Green Genius, a renewable energy company which is part of Modus Group, has signed a €30 million loan with Eiffel Energy Transition. The company plans to use these funds to develop and build green energy projects across Europe. The private placement was accompanied by Capcora, a Germany-based consultancy firm, which acted as financial advisor to Green Genius.
Green Genius has set a goal of ranking among the top 25 renewable energy project developers in Europe over the next five years. At present, Green Genius is developing renewable energy projects in six European markets: Lithuania, Poland, Ukraine, Belarus, Spain and Italy. The company is also actively looking for opportunities for expansion in other Central European countries.
In 2019, Green Genius investments in renewable energy activities more than doubled reaching €115 million compared to 2018. The company plans to continue growing investments in this area. By 2025, total capacity of implemented renewable energy projects by Green Genius is expected to reach 1.5 GW.
Read the article online at: https://www.energyglobal.com/special-reports/28012020/green-genius-signs-loan-with-eiffel-energy-transition/