Green Genius, Sequoia strike 66MW Polish solar offer

• Both parties came near an arrangement of PLN175 m (EUR38.5 m) to finance the plants

Green Genius as well as Sequoia Investment Management Company Limited (Sequoia), acting as an investment expert on behalf of Sequoia Economic Infrastructure Income Fund Limited, are to finance the construction of 66MW solar PV plants in Poland.

Both celebrations came up to an agreement of PLN175 m (EUR38.5 m) to fund the projects.

Green Genius principal financial officer Rokas Bancevicius stated: "We are delighted to sign our first financing transaction with Sequoia.

" The combination of Green Genius track record as well as Sequoia funding will raise green and also independent energy generation in the area.".

Sequoia partner Dolf Kohnhorst claimed: "We are really happy to close our first financing transaction with Green Genius on the construction of 66MW of solar energy in Poland.

" The closing of this transaction prolongs our investments in the renewable field as well as also increases our geography at an essential time.".

Green Genius, a renewable resource developer operating in 8 European countries plans to complete the construction of 66MW plants in Poland in very early 2023.

It is the very first financial debt financing between Sequoia Economic Infrastructure Income Fund, detailed on the London Stock Exchange, as well as Green Genius.

Considering that 2019, Green Genius has actually already developed 3 solar PV projects in Poland of a total collected capacity 128.1 MW.