Early Warning System

Regions

Europe and Central Asia

Geographic location where the impacts of the investment may be experienced.

Countries

Latvia
Lithuania
Poland

Geographic location where the impacts of the investment may be experienced.

Financial Institutions

European Bank for Reconstruction and Development (EBRD)

International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.

Project Status

Approved

Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.

Bank Risk Rating

Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."

Voting Date

Mar 11, 2026

Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.

Borrower

Green Genius International BV

A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.

Sectors

Energy
Industry and Trade

The service or industry focus of the investment. A project can have several sectors.

Investment Type(s)

Equity

The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.

Investment Amount (USD)

$ 57.71 million

Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported 50
Converted using 2026-03-11 exchange rate.

Project Cost (USD)

$ 57.71 million

Bank Documents

Primary Source

Original disclosure @ EBRD website

Updated in EWS May 7, 2026

Disclosed by Bank Mar 30, 2026

Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description

If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the Bank’s website, the project consists of an equity investment of up to EUR 50 million in Green Genius International B.V., a renewable energy developer and independent power producer with existing operations across Europe. This operation follows an initial EUR 100 million investment made by the EBRD in 2024.

The EBRD's EUR 50 million equity investment will be allocated to financing the renewable energy and battery energy storage system ("BESS") pipeline projects across Latvia, Lithuania and Poland, significantly reducing greenhouse gas emissions.

Early Warning System Project Analysis

For a project with severe or irreversible impacts to local community and natural resources, the Early Warning System Team may conduct a thorough analysis regarding its potential impacts to human and environmental rights.

Categorised B (ESP 2024). Green Genius ("GG"), an existing client of the Bank, is a renewable energy company based in Lithuania, specialising in project development, EPC management, O&M and other services across Europe. The Bank's EUR 50 million follow-on equity will further facilitate the Company's deployment of renewable energy projects and will support a new pipeline of 146 MW BESS projects in Poland, Lithuania, and Latvia, alongside a biomethane production facility in Lithuania with an annual output of approximately 30 GWh, and a portfolio of biomethane production facilities in Poland with an annual output of around 220 GWh.

The ESDD confirmed that the project pipeline consists of Category B sub-projects and are all located outside ecologically sensitive locations. BESS projects are co-located with existing or under construction solar PV assets. None of these projects require local EIAs and it has been confirmed that the land was leased in compliance with the Company's Land Acquisition and Compensation Policy. For biomethane facilities, the Company plans to use International Sustainability & Carbon Certification ("ISCC") EU certification system covering EU Renewable Energy Directive ("RED") III requirements on sustainability and GHG emissions for renewable fuels and energy when certifying supply chains.

Investment Description

Here you can find a list of individual development financial institutions that finance the project.

European Bank for Reconstruction and Development (EBRD)

An equity investment of up to EUR 50 million.
This operation follows an initial EUR 100 million investment made by the EBRD in 2024.

Private Actors Description

A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

Green Genius is a renewable energy company incorporated in the Netherlands and headquartered in Lithuania with experience in renewable energy technologies including solar photovoltaic ("PV"), onshore wind, biomethane, and battery energy storage systems. The Company is engaged in project development, Engineering, Procurement and Construction ("EPC") management, and Operations and Maintenance ("O&M") services across multiple European markets and has completed 933 MW of renewable projects to date. Green Genius is part of Modus Group, a family-owned international group based in Lithuania, covering renewable energy, mobility solutions, automotive, and asset management across 11 countries.

Private Actor 1	Private Actor 1 Role	Private Actor 1 Sector	Relation	Private Actor 2	Private Actor 2 Role	Private Actor 2 Sector
-	-	-	-	Green Genius International BV	Client	-

Contact Information

This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Green Genius International BV
info@greengenius.com
+ 31 (20) 3690943
www.greengenius.com
Fred. Roeskestraat 115, 1076EE Amsterdam, Netherlands

ACCESS TO INFORMATION

You can request information by emailing: accessinfo@ebrd.com or by using this electronic form: https://www.ebrd.com/eform/information-request

ACCOUNTABILITY MECHANISM OF EBRD

The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent.

You can contact the PCM at: pcm@ebrd.com or you can submit a complaint online using an online form at: http://www.ebrd.com/eform/pcm/complaint_form?language=en

You can learn more about the PCM and how to file a complaint at: http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html