News & media Cordiant Capital partners with Green Genius to drive 32.6 MW solar power expansion in Lithuania
Green Genius, a European renewable energy company, is pleased to announce it has signed a financing agreement with Cordiant Capital, a specialist global infrastructure and real assets investment manager, to develop four solar power plants with a total capacity of 32.6 megawatts (MW) in Lithuania.
This transaction marks Cordiant’s inaugural project investment in Lithuania and represents a significant step forward in advancing renewable energy development in the Baltic region. This strategic partnership will mobilise project financing to accelerate Lithuania’s push toward energy independence while supporting the EU’s ambitious 2030 renewable energy targets.
“This financing agreement is another milestone in Green Genius’ journey to empower sustainability,” said Rokas Bancevičius, CFO of Green Genius. “Once again, we have successfully brought a new investor to the region. We are thrilled to partner with Cordiant Capital. Their commitment to infrastructure investment perfectly aligns with our mission to electrify the modern world.”
“This collaboration underscores Cordiant’s dedication to supporting impactful projects globally,” said Emmanuel Braoudakis, Managing Director and head of Energy Transition Direct Lending at Cordiant Capital. “Green Genius’s expertise and innovation make them the ideal partner for this transformative initiative, and we are excited to build on this financing partnership with Green Genius in the Baltics and beyond”. The 32.6 MW solar projects, once operational, are expected to significantly reduce carbon emissions, supporting the EU’s climate goals. These projects will avoid an estimated 9,780 tons of CO2 annually, equivalent to removing over 3,400 cars from the roads each year. The electricity generated will enhance Lithuania’s energy grid with sustainable, locally produced power.
About Green Genius
Green Genius has a diverse portfolio in renewable energy, spanning solar, battery, wind, and biomethane solutions. The company has developed 2.7 GW of renewable energy projects across multiple European markets and has completed 549 MW of projects to date. With a strong track record and a bold vision for the future, Green Genius is set to further expand its footprint in the renewable energy landscape. More information: www.greengenius.com
About Cordiant Capital
Cordiant is a specialist global infrastructure and real assets investment manager, with USD 4 billion in capital committed across its private equity and direct lending strategies. Cordiant has a sector-led approach, focused on providing growth capital solutions to promising mid-sized companies in Europe, North America, and select Global markets.
Cordiant invests in the second generation of infrastructure and real assets (‘Infrastructure 2.0’), where (i) technology change, (ii) societal pressures, and (iii) strong secular trend-driven growth intersect. Our focus sectors, which embody these characteristics, are digital infrastructure, energy transition infrastructure and the agriculture value chain.
Partner-owned and partner-run since 2015, Cordiant has exceeded mandated investment targets for our clients on all funds since 2016.
Disclaimer – This press release does not constitute an offer to sell the securities or loans of the companies named herein or a solicitation of proxies or votes and should not be construed as consisting of investment advice. This material is not intended to be used as a general guide to investing, or as a source of any specific investment recommendations. Certain statements included in the press release constitute forward-looking statements, including, but not limited to, those identified by the expressions “expect”, “intend”, “will” and similar expressions to the extent they relate to the financed project. The forward-looking statements are not historical facts but reflect Cordiant Capital’s current expectations regarding future results or events. These forward-looking statements are made as of the date of this document and are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Although when making a forward-looking statement, Cordiant Capital Inc., as the case may be, believe that the assumptions inherent in this statement are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, readers are cautioned not to place undue reliance on such statements due to the inherent uncertainty therein.
