Green Genius creates Italian solar JV

• Partnership with Eiffel Transition Infrastructure to develop as well as build a 500MW portfolio

Renewable energy company Green Genius as well as Eiffel Transition Infrastructure, handled by Eiffel Investment Group, have established a Joint Endeavor to develop and develop a 500MW solar portfolio in Italy.

Via this JV, Eiffel will at first spend approximately EUR15m to support the growth of the portfolio, with added funding to be devoted for supporting projects throughout the building stage.

Eiffel Investment Group and also Green Genius, have been collaborate since 2019 on photovoltaic or pv projects in Poland, Italy as well as Spain.

Via this new transaction, Green Genius will bring 500MW of projects in Italy, mostly Puglia and Sardinia, to the allowing stage and also Eiffel will certainly fund this critical period to acquire the required authorizations as well as authorisations via equity financing.

Green Genius will certainly lead the advancement process till the projects prepare to be constructed.

Construction is after that planned to begin by the end of 2023.