Green Genius Secures EUR 87 Million for Latvia’s Largest Solar Park Project

Credit: Green Genius

Green Genius, a Lithuanian renewables developer, has finalized EUR 87 million (USD 93.5 million) in debt financing to commence construction on 's largest standalone (PV) complex.

The project, located in Jekabpils, Central East Latvia, will encompass a 121-MW park spanning more than 151 hectares (373.1 acres).

The comprises EUR 26 million from 's Berenberg Bank and EUR 61 million from Nord LB, facilitating an ambitious timeline for completion by mid-2025. Once operational, the solar park is projected to mitigate approximately 121,000 tonnes of carbon dioxide (CO2) emissions annually.

Green Genius, a subsidiary of Modus Group, currently manages a diverse portfolio exceeding 2.6 GW of renewable energy projects across eight European countries, highlighting its commitment to expanding sustainable energy infrastructure in the region.

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