Modus Group

A significant milestone for Green Genius!

Green Genius, a renewable energy company is to receive an equity investment of up to EUR 100 million from the European Bank for Reconstruction and Development (EBRD). The transaction, subject to the approval of competition regulators in several countries, will make EBRD a minority shareholder in Green Genius.

"We have been working with the EBRD for 7 years now – we have successfully implemented a number of projects and have had the opportunity to see in real life that the organisations' views and values are aligned on key issues. We know that this organisation sets the highest standards for its partners, and we consider EBRD's becoming a shareholder and financial partner of Green Genius to be a great recognition," says Ainė Martinkėnaitė-Martyniuk, Chair of the Management Board.

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Į „Green Genius“ 100 mln. Eur investuoja ERPB Įmonių grupės „Modus Group“ valdoma atsinaujinančios energetikos bendrovė „Green Genius“ susitarė dėl solidžios investicijos. Europos rekonstrukcijos ir plėtros bankas (EBRD) į „Green Genius“ investuos iki 100 mln. Eur. Įgyvendinus šį sandorį, kuriam dar turės pritarti kel...

Last week, UAB Modus Grupė completed its public EUR 8 million bond issue. The bond was scheduled to be distributed on November 17–29. Still, due to strong investor interest, this amount was reached a week earlier, bringing the total value of investment applications to almost EUR 20 million. More than 400 investors from Lithuania have purchased the bonds.

Aine Martinkenaite-Martyniuk, Chairman of the Board, notes that investor trust is also a result of the foundations built in previous bond issues. "Investor interest in the bonds shows that the market values and has confidence in the strategy and resilience of our Group's businesses in different economic phases. The work done in the previous two bond issues has contributed to this successful outcome, building investor confidence," says Ainė Martinkėnaitė-Martyniuk.

Eglė Džiugytė, Head of the Financial Markets Department at Šiaulių Bankas, highlighted the record level of investor interest as a reflection of Modus Grupė's effective approach to capital markets and sustainable financial management practices.

"The distribution of Modus Grupė bonds attracted a record level of investor interest, a rare achievement for an issuer in the Lithuanian market. The company is a good example of how a systematic approach to capital markets and a sustainable approach to financial management can successfully and quickly provide an alternative means of financing," says Eglė Džiugytė.

Viešame obligacijų siūlyme „Modus grupė“ sulaukė 2,5 karto didesnės investuotojų paklausos Mobilumo paslaugų, automobilių prekybos, investicijų valdymo ir kitų verslų savininkė „Modus grupė“ viešame obligacijų siūlyme 8 mln. Eur pasiskolino sulaukusi investuotojų paraiškų už beveik 20 mln. Eur.

Green Genius confirms €179 million investments in solar power plants in the Baltic States! 🌱

Green Genius has obtained permits to build solar power plants in Lithuania and Latvia. The company will install a 78 MW solar power plant near Seduva, Central-North of Lithuania. Meanwhile, in Latvia, the construction will amount to 120.8 MW of solar.

“The markets in the Baltic countries have reached a certain new stage of maturity when new opportunities to develop large-scale projects arise alongside the development of usual smaller-scale solar parks,” said Simonas Šileikis, EMBA, Head of Solar Business at Green Genius. “Each of the large-scale projects will be of great importance in decentralizing the energy sources and strengthening the energy independence of the entire region.”

Both solar power plants in Lithuania and Latvia are planned to start operating in 2025.

Green Genius wins permits for 200 MW of solar in Baltic states Lithuanian renewables developer Green Genius, part of Modus Group, has obtained permits for the construction of roughly 200 MW of solar photovoltaic (PV) p