Project Developer Green Genius Secures Growth Financing

Frankfurt am Main, Germany - As part of the financing of the expansion in Europe, Capcora GmbH supported the renewable energy project developer Green Genius. 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. 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.

“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”, says Ruslanas Sklepovicius, a member of the board of Modus Group responsible for the renewable energy field and the CEO of 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.

Capcora is a consulting firm, specialized on real assets. Capcora procures equity, mezzanine and debt financing for energy and infrastructure projects, real estate, and medium-sized companies. The focus is especially on mezzanine financing for the recapitalization of tied-up liquidity in operating assets as well as for bridge financing of developments and construction measures in the area of renewable energies (photovoltaics, onshore wind) and real estate through alternative financing sources.

Source: IWR Online, 31 Jan 2020