# Green Genius
Green Genius is a Lithuanian renewable energy developer and independent power producer, a subsidiary of the Lithuanian Modus Group, that develops and operates solar, onshore wind, biomethane, and battery storage assets across [Lithuania](https://www.edgepedia.org/lithuania), Latvia, Poland, and Italy. Its holding entity, Green Genius International B.V. (formerly Modus Energy International B.V.), is incorporated in the Netherlands and headquartered in Lithuania. The company remains active, with the [European Bank for Reconstruction and Development](https://www.edgepedia.org/european-bank-for-reconstruction-and-development) (EBRD) as a minority shareholder since 2024.
| Key fact | Detail |
| --- | --- |
| Legal entity | Green Genius International B.V., formerly Modus Energy International B.V., registered in Amsterdam[1](https://greengenius.com/wp-content/uploads/2026/04/Business-Overview-2025.pdf) |
| Parent | Modus Group; shareholders at end-2025 were MG NL holding B.V. (56.71%), Modus Grupė UAB (23.84%), and the EBRD (19.45%)[1](https://greengenius.com/wp-content/uploads/2026/04/Business-Overview-2025.pdf) |
| Sector | Solar, onshore wind, biomethane, and battery storage[2](https://www.ebrd.com/home/news-and-events/news/2026/ebrd-increases-stake-in-lithuania-s-green-genius.html) |
| Track record | 933 MW of renewable assets developed to date, 298 MW remaining in portfolio[2](https://www.ebrd.com/home/news-and-events/news/2026/ebrd-increases-stake-in-lithuania-s-green-genius.html) |
| EBRD equity | €150 million total commitment (€100 million in 2024, €50 million follow-on in 2026)[2](https://www.ebrd.com/home/news-and-events/news/2026/ebrd-increases-stake-in-lithuania-s-green-genius.html) |
| 2025 activity | €153.2 million invested, 435 GWh generated, €355 million financing secured[1](https://greengenius.com/wp-content/uploads/2026/04/Business-Overview-2025.pdf) |
| Markets | Lithuania, Poland, Italy, and Latvia; Spain and Romania activities being terminated[1](https://greengenius.com/wp-content/uploads/2026/04/Business-Overview-2025.pdf) |
| Status | Active and expanding as of 2026[2](https://www.ebrd.com/home/news-and-events/news/2026/ebrd-increases-stake-in-lithuania-s-green-genius.html) |
## History and origins
Green Genius grew out of Modus Group, a Lithuanian holding company. The group's international energy entity was renamed from Modus Energy International B.V. to Green Genius International B.V.; the company document recording this change lists its registration in the Dutch Chamber of Commerce in Amsterdam.[1](https://greengenius.com/wp-content/uploads/2026/04/Business-Overview-2025.pdf) The retained sources do not establish a founding year or individual founders; the EBRD describes the company as a subsidiary of Modus Group, incorporated in the Netherlands and headquartered in Lithuania.[2](https://www.ebrd.com/home/news-and-events/news/2026/ebrd-increases-stake-in-lithuania-s-green-genius.html)
## Portfolio and projects
By the company's own reporting, at the end of 2025 the group operated 180 MW of capacity: 89 MW of solar and battery energy storage (BESS), 80 MW of wind, and 11 MW of biogas, with more than 500 MW under construction, including 389 MW of solar and 132 MW / 527 MWh of BESS.[1](https://greengenius.com/wp-content/uploads/2026/04/Business-Overview-2025.pdf) In 2025 it commissioned 190 MW of new solar capacity and added 17 MW of wind, bringing operational wind capacity to 80 MW.[1](https://greengenius.com/wp-content/uploads/2026/04/Business-Overview-2025.pdf) The same year it operationalised what it describes as the [Baltic region](https://www.edgepedia.org/baltic-region)'s largest biogas-to-biomethane conversion project, with an annual production potential of 108 GWh.[1](https://greengenius.com/wp-content/uploads/2026/04/Business-Overview-2025.pdf)
The two primary sources give different pipeline figures. The EBRD, writing in 2026, states the company continues a 1.9 GW development pipeline across Lithuania, Latvia, and Poland, with new capital focused on battery storage including one of the first utility-scale BESS projects in Lithuania.[2](https://www.ebrd.com/home/news-and-events/news/2026/ebrd-increases-stake-in-lithuania-s-green-genius.html) The company's Business Overview 2025 states a 3.1 GW total pipeline.[1](https://greengenius.com/wp-content/uploads/2026/04/Business-Overview-2025.pdf) The discrepancy is unresolved; it may reflect different definitions of pipeline maturity or different reporting dates, but neither source explains it. The portfolio figures also differ: the EBRD reports 298 MW remaining in the portfolio out of 933 MW developed,[2](https://www.ebrd.com/home/news-and-events/news/2026/ebrd-increases-stake-in-lithuania-s-green-genius.html) while the company reports 180 MW operational at end-2025.[1](https://greengenius.com/wp-content/uploads/2026/04/Business-Overview-2025.pdf)
## Funding and investors
The EBRD became a shareholder in 2024. On 2 October 2024, Green Genius International B.V. signed an equity subscription agreement with the EBRD for up to EUR 100 million, intended for further development and construction; the first EUR 30 million was received on 27 December 2024 and the remaining EUR 70 million by 9 December 2025.[1](https://greengenius.com/wp-content/uploads/2026/04/Business-Overview-2025.pdf) Trade press reported the amount as up to €100 million ($110.4 million) and noted it would make the bank a minority shareholder.[3](https://transformer-magazine.com/news/ebrd-invests-in-lithuanias-green-genius/) In 2026 the EBRD made a €50 million follow-on equity investment, bringing its total commitment to €150 million; it held 19.45% of the shares at end-2025.[2](https://www.ebrd.com/home/news-and-events/news/2026/ebrd-increases-stake-in-lithuania-s-green-genius.html) • [1](https://greengenius.com/wp-content/uploads/2026/04/Business-Overview-2025.pdf)
Beyond the EBRD, the company has raised project-level debt. It signed a EUR 36.66 million financing agreement with France's RGREEN INVEST through its INFRABRIDGE IV debt fund to build the 78 MW Šeduva solar park in Lithuania; RGREEN INVEST had previously financed Green Genius portfolios with a combined capacity of over 60 MW.[4](https://greengenius.com/news/green-genius-secures-eur-36-66-million-financing-from-rgreen-invest-for-the-seduva-solar-power-plant/) The company reports €355 million of financing secured in 2025 overall.[1](https://greengenius.com/wp-content/uploads/2026/04/Business-Overview-2025.pdf) A precise cumulative total raised is not established by the retained sources.
## Business model
The EBRD characterizes Green Genius as a renewable energy developer and independent power producer.[2](https://www.ebrd.com/home/news-and-events/news/2026/ebrd-increases-stake-in-lithuania-s-green-genius.html) Of the 933 MW the EBRD says the company has developed to date, 298 MW remain in its portfolio.[2](https://www.ebrd.com/home/news-and-events/news/2026/ebrd-increases-stake-in-lithuania-s-green-genius.html) The EBRD equity is earmarked for development, construction, and battery storage expansion.[2](https://www.ebrd.com/home/news-and-events/news/2026/ebrd-increases-stake-in-lithuania-s-green-genius.html) • [1](https://greengenius.com/wp-content/uploads/2026/04/Business-Overview-2025.pdf)
## Status and recent developments
The company is active and expanding. In 2025 it invested €153.2 million and generated 435 GWh of renewable electricity and heating.[1](https://greengenius.com/wp-content/uploads/2026/04/Business-Overview-2025.pdf) It has consolidated its geographic focus on Lithuania, Poland, Italy, and Latvia while terminating activities in Spain and Romania.[1](https://greengenius.com/wp-content/uploads/2026/04/Business-Overview-2025.pdf) The 2026 EBRD follow-on investment and the utility-scale BESS buildout in Lithuania mark the most recent recorded developments.[2](https://www.ebrd.com/home/news-and-events/news/2026/ebrd-increases-stake-in-lithuania-s-green-genius.html)
## References
1. [Green Genius Business Overview 2025](https://greengenius.com/wp-content/uploads/2026/04/Business-Overview-2025.pdf), Green Genius (company document).
2. [EBRD increases stake in Lithuania's Green Genius](https://www.ebrd.com/home/news-and-events/news/2026/ebrd-increases-stake-in-lithuania-s-green-genius.html), EBRD, 2026.
3. [EBRD invests in Lithuania's Green Genius](https://transformer-magazine.com/news/ebrd-invests-in-lithuanias-green-genius/), Transformer Magazine, 2024.
4. [Green Genius secures EUR 36.66 million financing from RGREEN INVEST for the Šeduva solar power plant](https://greengenius.com/news/green-genius-secures-eur-36-66-million-financing-from-rgreen-invest-for-the-seduva-solar-power-plant/), Green Genius press release.
---
*Topic: Encyclopedia › Technology and the built world › Energy technology › Renewable energy and biofuels*
*Initially written Sep 17, 2026 · Edited: Oct 11, 2026; Oct 15, 2026*
*Copyright 2026 EdgeChat AI, a subsidiary of Biostate AI.*
License: Edgepedia Community License 1.0, https://www.edgepedia.org/edgepedia/license