Cobalt has advised the EBRD on a EUR 100 million investment in Green Genius.
Green Genius is a renewable energy company that is part of the Modus Group. According to Cobalt, "once approved by competition regulators in several countries, the EBRD will become a minority shareholder in the company. This investment will support Green Genius' European growth strategy, which includes the development of more than 2 gigawatts of renewable energy. It will also contribute to diversifying the energy supply and boosting energy security in Europe. Green Genius will use the funds to expand in the renewable energy sector, build its own energy-generating portfolio, ensure stability, and reduce reliance on external financing."
The Cobalt team included Partners Elijus Burgis and Rasa Zasciurinskaite and Managing Associates Zygintas Voronavicius and Managing Associate Justinas Sileika.
Cobalt did not respond to our inquiry on the matter.
