Lithuanian renewable energy developer and independent power producer Green Genius has raised €65 million ($72.8 million) through a green bond sale in the Nordic market. The four-year bonds carry a floating coupon of three-month EURIBOR plus 8% annually, with proceeds earmarked to refinance existing subordinated construction loans. The transaction supports the company’s financial flexibility as it develops a portfolio spanning solar, wind, biomethane and battery storage.
Key Takeaways
- Green Genius raised €65 million ($72.8 million) through a green bond sale in the Nordic market.
- The four-year bonds carry a floating coupon of three-month EURIBOR plus 8% per year.
- Proceeds will refinance existing subordinated construction loans.
- The company operates 595 MW of solar, wind and battery storage assets and has a 3.1 GW development pipeline.
- Green Genius aims to grow its operational portfolio to more than 1 GW by 2030.
Green Genius Raises €65 Million Through Nordic Green Bond Sale
Lithuanian renewable energy developer and independent power producer Green Genius has successfully placed €65 million ($72.8 million) of green bonds in the Nordic market, with proceeds earmarked to refinance existing subordinated construction loans.
The company said the successful placement, completed amid challenging financial market conditions, demonstrated investor confidence in its integrated business model and long-term growth strategy.
The bonds mature in four years and carry a floating-rate coupon of three-month EURIBOR plus 8% per year. They are expected to be admitted for trading on the Sustainable Bond List of Nasdaq Stockholm.
The transaction attracted strong demand from international institutional investors. Bonds were allocated across the Nordic and Baltic regions, the UK, the US and other markets.
Bond Proceeds to Refinance Existing Construction Loans
Green Genius will use the proceeds to refinance existing subordinated construction loans. The company said the transaction will simplify its capital structure and enhance financial flexibility for further growth.
“This bond issue allows us to simplify the group’s capital structure and enhance our financial flexibility for further growth,” said Green Genius chief executive Ruslan Sklepovic.
He added that the financing is particularly important as the company develops an increasingly diversified portfolio spanning solar, wind, biomethane and battery energy storage solutions across its core markets.
The issue was conducted under the 2026 Green Genius Green Financing Framework, which is aligned with the International Capital Market Association’s Green Bond Principles.
Moody’s Ratings provided a Second Party Opinion on the framework, assigning it a Sustainability Quality Score of SQS2 (Very Good).
Nordic investment bank DNB Carnegie acted as Sole Bookrunner on the transaction, while Mannheimer Swartling served as legal counsel.
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Green Genius Expands Renewable Energy Portfolio
A subsidiary of Modus Group and partly owned by the European Bank for Reconstruction and Development (EBRD), Green Genius develops, builds and operates solar, wind, biogas and biomethane projects across several European markets.
The company currently holds 595 MW of solar, wind, and battery storage assets. It is also installing a further 224 MW of solar and storage capacity, with grid connections scheduled in the coming months.
Green Genius produces 108 GWh of biomethane annually and has a total development pipeline of 3.1 GW across its markets.
The company aims to grow its operational portfolio to more than 1 GW by 2030, across solar, wind, biomethane and battery storage.
Green Bond Sale Adds to Fundraising Activity
The Nordic bond issue follows a period of fundraising for Green Genius. The European Bank for Reconstruction and Development invested €100 million in 2024 and later added €50 million.
In 2025, the Nordic Investment Bank and NORD/LB arranged up to €64 million for two Lithuanian solar parks.
The bond sale also reflects a broader shift toward capital-market funding for Baltic renewable energy projects. Other examples include a €22 million Latvian battery-storage raise and green-bond issues by Estonia’s Eesti Energia and Latvia’s Latvenergo.
For renewable energy developers scaling generation and storage, bond markets offer an additional financing route alongside institutional loans.
Outlook
Green Genius’s €65 million green bond sale provides refinancing for existing construction loans while supporting its efforts to simplify its capital structure and strengthen financial flexibility.
With 595 MW of operating solar, wind and battery storage assets, a further 224 MW nearing grid connection and a 3.1 GW development pipeline, the company is pursuing its target of exceeding 1 GW of operational capacity by 2030. Its ability to deliver that expansion will depend on project development, financing and grid connections across its markets.
FAQs
1. How much did Green Genius raise through the green bond sale?
Green Genius raised €65 million ($72.8 million) in the Nordic market.
2. What are the terms of the Green Genius bonds?
The bonds mature in four years and carry a floating coupon of three-month EURIBOR plus 8% per year.
3. How will Green Genius use the bond proceeds?
The proceeds will refinance existing subordinated construction loans.
4. What is Green Genius’s renewable energy capacity target?
Green Genius aims to grow its operational portfolio to more than 1 GW by 2030.
Sources: Dealroom, Renewables Now, reNEWS
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