Green Genius Scores EUR 9.5m for Romanian Solar

• Green Genius set to receive USD10m to develop solar power projects in Romania. INVL's Renewable Energy Fund to contribute EUR52.9m to the effort of 500MW solar farms in 2025. Get the full story on Green Genius' ambitious energy project.

Green Genius, a Lithuanian renewables developer, is set to receive EUR 9.5 million (USD 10m) in financing from Mundus Bridge Finance to develop and build solar power projects in Romania. The private debt fund of Lithuanian investment manager Invalda INVL AB (VSE:IVL1L) will provide the financing by purchasing a private placement of bonds in several stages, starting with EUR 0.5 million. Green Genius arrived in the Romanian market in 2020 with the intention of developing 500 MW of solar farms by 2025, requiring an estimated investment of EUR 450 million. INVL's INVL Renewable Energy Fund I is already contributing to this effort with a total size of EUR 52.9 million, allocated to investments in renewables across the European Union.

What Financing Will Green Genius Receive for Solar Projects in Romania?

• The EUR 9.5 million financing will support the development and construction of Green Genius's solar projects in Romania.
• The funds will be provided in several stages, the first being EUR 0.5 million.
• The Lithuanian renewables developer hopes to develop 500 MW of solar farms in Romania by 2025.
• The estimated investment required for this project is EUR 450 million.
• INVL Renewable Energy Fund I, a private debt fund of Lithuanian investment manager Invalda INVL AB, is contributing to this effort with a total size of EUR 52.9 million.