Lithuania's Green Genius raises €65M green bond to refinance debt
What's the deal? Lithuanian renewable energy developer Green Genius has raised €65 million ($72.8 million) in a green bond sale in the Nordic market. The partly EBRDDealroom has a profile for this one. Try Dealroom →-owned company will use the proceeds to refinance existing subordinated construction loans.
The terms: The bonds mature in four years and carry a floating rate coupon of three-month EURIBOR plus 8% per year. They are expected to trade on the Sustainable Bond List of Nasdaq Stockholm.
Why now? Green Genius said demand was strong, with bonds allocated to investors across the Nordic and Baltic regions, the UK, the US, and other markets. "This bond issue allows us to simplify the group's capital structure and enhance our financial flexibility for further growth," said chief executive officer Ruslan Sklepovic.
What's the endgame? A subsidiary of Modus GroupDealroom has a profile for this one. Try Dealroom →, Green Genius develops, builds, and operates solar, wind, biogas, and biomethane projects across several European markets. It aims to grow its operational portfolio beyond 1 GW by 2030.
The company currently holds 595 MW of solar, wind, and battery storage assets, with a further 224 MW due for grid connection in the coming months. Its total development pipeline stands at 3.1 GW.
The bond caps a busy stretch of fundraising. The European Bank for Reconstruction and Development invested €100 million in 2024 and later added €50 million, while the Nordic Investment BankDealroom has a profile for this one. Try Dealroom → and NORD/LB arranged up to €64 million for two Lithuanian solar parks in 2025.
The signal: Green Genius's bond reflects a wider shift toward capital-market funding for Baltic renewables, alongside recent bond-backed projects such as a €22 million Latvian battery-storage raise and green-bond issues by Estonia's Eesti EnergiaDealroom has a profile for this one. Try Dealroom → and Latvia's LatvenergoDealroom has a profile for this one. Try Dealroom →. For a developer scaling generation and storage, tapping bond markets opens another financing route beyond institutional loans.
Read more: renewablesnow.com
Image credit: Generated with Gemini
