Capcora Advised Green Genius on Securing EUR 30m Financing for Renewable Energy Projects in Europe

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Green Genius, a renewable energy company part of Modus Group, has signed a EUR 30 million loan with Eiffel Energy Transition fund. The company plans to use these funds to develop and build green energy projects across Europe. The private placement was accompanied by Capcora, a Germany-based consultancy firm, which acted as financial advisor to Green Genius.

“This transaction is exceptional as the loan was granted not at a single project level but, on a revolving basis, at the level of the European platform owning the portfolio of renewable projects of the group. This evidences the trust of a financial institution such as Eiffel Investment Group in our robustness and our competencies in the development and construction of renewable energy projects,” says Ruslanas Sklepoviius, a member of the
board of Modus Group responsible for the renewable energy field and the CEO of Green Genius.

Green Genius has set a goal of ranking among the top 25 renewable energy project developers in Europe over the next five years. At present, Green Genius is developing renewable energy projects in 6 European markets: Lithuania, Poland, Ukraine, Belarus, Spain and Italy. The company is also actively looking for opportunities for expansion in other Central European
countries.

In 2019, Green Genius investments in renewable energy activities more than doubled reaching EUR 115 million comparing to 2018. The company plans to continue growing investments in this area. By 2025, total capacity of implemented renewable energy projects by Green Genius is expected to reach 1.5 GW.

“After considering all available offers, we have chosen a partnership with Eiffel Energy Transition for several reasons. It was important for Green Genius to borrow at optimal conditions, to use the proceeds for projects across European markets, and to have a partner who knows the industry very well and can make fast decisions. We have achieved all these goals in the process,” says Rokas Banceviius, chief financial officer at Green Genius.

“The business of Green Genius is a mixture of developing and selling projects as well as an IPP approach which is not always easy to handle for classical debt providers. However, with a clearly defined strategy for each market and project and a transparent development roadmap for the next few years, we were able attract various interesting offers from a diverse range of
international lenders,” explains Alexander Kuhn, managing partner at Capcora.

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