Green Genius and Luminor Bank have reached an agreement on a EUR20 million (US$20.1 million) loan for the development of 35 MW remote solar projects in Lithuania.
Green Genius will implement six solar power projects with the Luminor financing. These power facilities will annually prevent the release of 18,000 tons of CO2 into the atmosphere.
Green Genius will install its first solar farms this summer. The entire project will be finished by the end of 2022.
Country updates
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July 18, 2022
Ignitis Group awarded grid connection for 252 MW solar project in Jonava
Ignitis Group, through its subsidiary Ignitis Renewables Projektai, has been awarded a grid connection capacity by domestic transmission system operator Litgrid AB for its 252 MW solar photovolta...
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June 09, 2022
Ignitis secures approval for 22 MW solar project with a 10 MW wind farm in Taurage
Ignitis Renewables has received approval from the State Energy Regulatory Council to build a solar park in the Taurage district, Lithuania. The developer plans to combine a new 22 MW solar project wi...
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May 31, 2022
BaltCap begins construction of 30 MW wind project in Zvirgzdaiciai
BaltCap Infrastructure Fund has begun work on a 30 MW wind project in the town of Zvirgzdaiciai in Lithuania’s Sakiai district. The EUR42 million (US$45 million) wind project comprises six...
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January 17, 2022
Enefit closes EUR80mn funding for 138 MW wind projects in Lithuania and Estonia
Enefit Green AS has closed a EUR80 million (US$91 million) debt financing to support the construction of wind farm projects in Lithuania and Estonia. Nordic Investment Bank (NIB) has awarded th...
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October 13, 2021
Enefit Green closes final investment decision for 75 MW Akmene wind project
Enefit Green AS, a subsidiary of Eesti Energia, has made the final investment decision for the development of the 75 MW Akmene wind farm project in Lithuania. The developers have also s...
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