EBRD is supporting the expansion of Green Genius with an equity investment of up to EUR 100 million

The European Bank for Reconstruction and Development (EBRD) will invest up to EUR 100 million in Green Genius, a renewable energy company that is part of the Modus Group. Once approved by competition regulators in several countries, the EBRD will become a minority shareholder in the company.

This investment will support Green Genius European growth strategy, which includes the development of more than 2 GW of renewable energy. It will also contribute to diversifying the energy supply and boosting energy security in Europe. Green Genius will use the funds to expand in the renewable energy sector, build its own energy-generating portfolio, ensure stability, and reduce reliance on external financing.

Economic stability, strategic location, and a strong commitment to sustainability have kept the Baltic M&A market active, particularly in Lithuania, as highlighted by the recent “Baltic Private M&A Deal Points Study 2024”.

In the Baltic states, this is the largest equity commitment by the EBRD to a single company and marks the first external equity investment in Green Genius. Green Genius is one of the fastest-growing, privately owned renewable energy developers in Lithuania.

The EBRD will also support the company in improving its environmental, social, and governance (ESG) standards and help enhance its supply chain management.

In this process, the European Bank for Reconstruction and Development (EBRD) is represented by COBALT Partner Elijus Burgis, Partner Rasa Zaščiurinskaitė, Managing Associate Žygintas Voronavičius, Managing Associate Justinas Šileika along with the COBALT team.