Sorainen has advised French asset manager Eiffel Investment Group on its EUR 20 million funding to renewable energy company Green Genius.
According to Sorainen, the funds will be used to complete the development of solar power plants in Italy and Spain.
Lithuanian Modus Group company Green Genius implements energy projects in Lithuania, Poland, Spain, Italy, and Romania. The company’s total capacity is expected to reach 1.5 gigawatts by 2025.
"This financing granted by vehicles managed by Eiffel Investment Group contributes to pre-construction investments when normal long-term financing is not available," Eiffel Investment Group Managing Director Pierre-Antoine Machelon commented. "The portfolio consists of diversified projects that have reached the later stages of development, where there is no risk that the project will not be implemented."
The Sorainen team included Partner Augustas Klezys and Counsel Lina Ragainyte-Mezene.
