BAKU, Azerbaijan, March 31. The European Bank
for Reconstruction and Development (EBRD) has increased its equity
stake in Green Genius, the Lithuanian renewable energy developer
and independent power producer, through a €50 million follow-on
investment, Trend reports via the Bank.
EBRD first became a shareholder in Green Genius in 2024 with an
initial €100 million investment. With the latest transaction, the
Bank’s total commitment now reaches €150 million.
Proceeds from the initial funding have already been deployed,
enabling Green Genius to advance its 1.9 GW development pipeline
across Lithuania, Latvia, and Poland. The new capital will support
the company’s growth strategy, including the expansion of battery
energy storage systems (BESS) in the Baltic states and Poland, and
the acceleration of new renewable energy projects in the EBRD’s
investee economies.
These initiatives aim to integrate intermittent solar and wind
generation, strengthen regional grid resilience, and reduce
reliance on imported fossil fuels, contributing to a more robust
and self-sufficient energy system.
Green Genius, a subsidiary of Modus Group, is incorporated in
the Netherlands and headquartered in Lithuania. The company has
developed 933 MW of renewable assets to date, including solar,
onshore wind, biomethane, and battery storage, with 298 MW
remaining in its portfolio.
The EBRD is a major institutional investor in Lithuania and the
broader Baltic region, with total investments to date of €1.3
billion in Latvia, €2.1 billion in Lithuania, and €16.7 billion in
Poland. Its activities focus on renewable energy, capital markets
development, and innovation-driven sectors, supporting the region’s
transition to a greener and more resilient economy.
