€87m Investment Fuels Green Genius’ 126MW Jekabpils Power Plant

Green Lights Ahead! Green Genius Secures €87m for Massive Latvian Solar Project ☀️🇱🇻

Green Genius is leading the charge towards a sustainable future, securing a whopping €87 million to kick off construction on a giant solar project in Latvia! This 126MW solar park in Jekabpils will be a game-changer, pumping clean energy into the Latvian grid by mid-2025.

Big thanks to German financial powerhouses Berenberg Bank (€26m) and Nord LB (€61m) for making this green dream a reality! This isn’t just Green Genius’ first collaboration with Nord LB, but their second with Berenberg Bank.

Here’s what the key players have to say:

Rokas Bancevicius, CFO of Green Genius: “Green Genius is all-in on sustainability! The Jekabpils project is a huge step towards a greener Latvian energy grid. We’re thrilled to partner with such experienced and trusted financial institutions like Nord LB and Berenberg Bank. The transition to renewable energy demands major investments, and lenders like these are crucial to the process.”

Niels Jakeman, Head of Energy Origination at Nord LB: “Supporting Green Genius with this project is a win-win! We’re helping them build a fantastic solar park while contributing significantly to decarbonizing Latvia’s energy sector. This is a major milestone for Nord LB as our first solar financing in Latvia, and the third in the Baltics within a year. We’re excited to keep partnering with Green Genius across the region.”

Torsten Heidemann, Head of Infrastructure & Energy at Berenberg: “We’re proud to continue supporting Green Genius’ incredible growth in Europe. This is our second collaboration with them, and they’ve once again proven their expertise and potential as a major player in the European renewable energy market. We look forward to financing even more Green Genius projects in the future!”

This Latvian solar project marks another exciting chapter in Green Genius’ journey towards a greener tomorrow. Keep your eyes peeled for more sustainable developments! #GreenEnergy #SolarPower #Latvia #RenewableEnergy #Sustainability #GreenGenius #NordLB #BerenbergBank #Baltics #CleanEnergy #ClimateAction







Credit: [Image: Green Genius]

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