Green Genius, a renewable energy developer and independent power producer owned by Modus Group, is to receive an equity investment of up to €100 million from the European Bank for Reconstruction and Development (EBRD).
This investment will fund Green Genius’ expansion plans through 2029 in various European countries. The €100 million EBRD investment will support Green Genius’ European growth strategy that includes the development of over 2 GW of renewable energy. The funds will be directed toward developing and acquiring renewable energy projects in the Baltics, Poland, Romania, and other European markets.
The EBRD is a multilateral bank that promotes the development of the private sector and entrepreneurial initiative in 36 economies across three continents. The bank is owned by 73 countries as well as the EU and the EIB. EBRD investments are aimed at making the economies in its regions competitive, inclusive, well governed, green, resilient, and integrated. Upon completion of the deal, which is still subject to approval by competition authorities in several countries, the EBRD will become a minority shareholder of Green Genius.
