European renewable energy company Green Genius has signed a financing agreement with Cordiant Capital to develop four solar power plants in Lithuania, marking the first project investment by Cordiant in the country. The combined total capacity of the four solar parks will be 32.6MW.
The partnership is expected to help accelerate Lithuania's efforts toward achieving energy independence, while also contributing to the European Union's renewable energy targets for 2030. Green Genius and Cordiant Capital aim to mobilize project financing that will support Lithuania's transition to cleaner energy.
Rokas Bancevičius, chief financial officer at Green Genius, emphasized the significance of the deal: “This financing agreement is another milestone in Green Genius's journey to empower sustainability. Once again, we have successfully brought a new investor to the region. We are thrilled to partner with Cordiant Capital. Their commitment to infrastructure investment perfectly aligns with our mission to electrify the modern world.
For Cordiant Capital, the partnership highlights its commitment to funding impactful renewable energy projects globally. “Green Genius's expertise and innovation make them the ideal partner for this transformative initiative, and we are excited to build on this financing partnership with Green Genius in the Baltics and beyond,” said Emmanuel Braoudakis, managing director of Cordiant Capital.
The collaboration between Green Genius and Cordiant Capital signals a continued push to strengthen renewable energy infrastructure in the Baltic region and advance sustainability goals.
