Green Genius

Lithuanian renewables developer Green Genius, part of Modus Group, has secured a loan worth EUR 92 million (USD 99m) from Swedbank in Lithuania to build an 80-MW wind farm in Jurbarkas district in the western part of the country.

The project will be the largest wind farm in the Jurbarkas area and one of the largest in Lithuania. Green Genius chief financial officer Rokas Bancevicius said it will enhance the company's portfolio diversification in terms of geography and technology, along with contributing to the region's efforts in achieving decarbonisation and energy independence.

The wind park is scheduled to start operations in 2025, providing green electricity to Lithuanian businesses.

Green Genius develops and operates solar, biogas, wind and green hydrogen energy projects. It has a pipeline of over 2 GW of projects under development and construction across eight European markets. The company generates about 315 GWh of green energy a year.

(EUR 1 = USD 1.081)

Green Genius obtains loan for 80-MW wind farm in Lithuania

"80MW wind farm in Lithuania will further improve Green Genius development and construction portfolio diversification in terms of geography and technology. Being one of the largest projects in the country it will also support the region's pursuit towards decarbonization and energy independence. ," says Rokas Bancevi?ius, CFO of Green Genius.

?The wind park will start generating green electricity in 2025 and will be the largest such park in the Jurbarkas region. It will provide business enterprises in Lithuania with green electricity, saving more than 130,000 tons of CO2 per year.

Renewable energy company Green Genius, operating in 8 European markets, signed 92 million EUR loan with Swedbank in Lithuania. These funds will be used for the construction of an 80 MW wind farm in Jurbarkas district, Western Lithuania. 

Lithuanian brewer Švyturys-Utenos alus (ŠUA), part of the Carlsberg Group, and renewable energy company Green Genius have entered into a novel Energy-as-a-Service power purchase agreement (PPA). As part of the agreement, Green Genius will develop, construct, commission, and operate two first-of-their-kind PV-plus-storage systems in Lithuania that will provide renewable energy to the brewery and cover 100% of its annual demand with carbon-free electricity. The Energy-as-a-Service agreement is the first of its kind in Lithuania and in the Baltics more broadly and accelerates progress towards the Carlsberg Group's ZERO Carbon Footprint ambition.

The PPA agreement between the two parties linked to Green Genius's InnoSolveGreen project has recently been recognised by the European Climate, Infrastructure and Environment Executive Agency (CINEA) under the Innovation Fund Small Scale Call 2021 for its potential to reduce greenhouse gas emissions and accelerate the transition of European industries towards a carbon-free economy.

The project's total value is 7.5 M EUR, of which 2.6 M EUR is funded by the European Union Emissions Trading System - Innovation Fund, and Green Genius covers the rest. The InnoSolveGreen project will involve the installation and commissioning of two PV-plus-storage systems. The first system (so-called on-site system) will be implemented at the site of ŠUA in Utena city, Lithuania, by May 2024, while the second system (so-called off-site system) will be implemented at a new utility-scale site near Butrimonys town, Lithuania, and start its operations by January 2025.

The recent PPA agreement builds on an existing partnership between Green Genius and ŠUA that had been established back in 2018, when Green Genius installed a 1.0 MW solar PV plant on the ŠUA brewery's rooftops.

This time, Green Genius will install a new additional 1.5 MW solar PV system on the remaining brewery's rooftops and increase the on-site solar PV capacity to a maximum extent. To accommodate this significant expansion without impeding the local electrical grid, a 2.0 MWh battery energy storage system will be installed and efficiently deployed to meet the brewery's electricity demands - at the right place, at the right time, and at the required scale.

Moreover, the on-site solar PV capacity will be complemented by a new 5.0 MW off-site utility-scale solar PV plant that will be developed near Butrimonys town. The Butrimonys off-site plant will not only feature the latest solar PV technology but also demonstrate a 4.0 MWh battery energy storage system.

The brewery's on-site and Butrimonys off-site solar PV-plus-storage systems will enable ŠUA brewery to source 100% of its electricity from locally produced solar PV energy.

Green Genius and ŠUA believe in the high potential and pioneering nature of the endeavour. The shared hope is for other Lithuanian and EU businesses to observe and adopt the InnoSolveGreen solution, as they too work to decarbonize operations and build energy self-sufficiency.

Rolandas Viršilas, CEO of ŠUA, outlines the ambition:

"We have clear commitments to the environment and our customers. Therefore, this project is undoubtedly important to us. For a long time, we have been using only electricity from renewable sources. Now we are raising the bar higher - we will use only local and only self-produced electricity that contributes new green electricity to the grid.

I believe that our example will encourage other Lithuanian businesses to take similar actions, because by investing in new green energy capacities, we are not only getting involved in the green transformation but also taking care of Lithuania's energy security, which, as the events of recent years show, is extremely important".

Ruslanas Sklepovicius, CEO of Green Genius, adds:

"It will be the first autonomous green electricity solution for industrial users in the Baltic States. Therefore, we see this project as an essential milestone toward sustainability and energy independence in the region".

ŠUA is a part of the Carlsberg Group and is instrumental in putting the Group's ambitious ESG programme, Together Towards ZERO and Beyond (TTZAB), into action in Lithuania. Through this programme, the Group is working towards a ZERO Carbon Footprint, with global targets set to drive down carbon emissions across the value chain to achieve net ZERO by 2040. As it works towards this milestone, the Group is striving for ZERO carbon emissions at its breweries and for all renewable electricity to come from new assets (e.g., through power purchase agreements) by 2030.

ŠUA is well on the way, having already converted its Utenos brewery to be carbon neutral in 2020, and now driving forward new solutions - together with partners like Green Genius - to lead by example for other companies within and beyond the Group.

Carlsberg A/S  :  Švyturys-Utenos alus and Green Genius partner for a new solar energy solution in Lithuania, a first of its kind in the Baltics

Green Genius, a renewable energy company operating in 8 European countries, has entered into a novel Energy-as-a-Service power purchase agreement (PPA) with Lithuanian brewer Svyturys-Utenos Alus (SUA), part of the Carlsberg Group.

As part of agreement, Green Genius will develop, construct, commission, and operate two first of their kind PV-plus-storage systems in Lithuania that will provide renewable energy to the Utenos alus brewery, and cover 100% of its annual demand with carbon-free electricity. The novel Energy-as-a-Service agreement is the first of its kind in Lithuania and in the Baltics more broadly, and accelerates progress towards the Carlsberg Group's ZERO Carbon Footprint ambition.

The PPA agreement between the two parties is linked to Green Genius's InnoSolveGreen project that has been recently recognised by the European Climate, Infrastructure and Environment Executive Agency (CINEA) under the Innovation Fund Small Scale Call 2021 for its potential to reduce greenhouse gas emissions and accelerate the transition of European industries towards carbon-free economy. The project's total value is 7.5 M EUR, of which 2.6 M EUR is funded by the European Union Emissions Trading System - Innovation Fund, and Green Genius covers the rest. The InnoSolveGreen project will involve installation and commissioning of two PV-plus-storage systems. The first system (so-called on-site system) will be implemented at the site of SUA Utenos alus brewery in Utena city, Lithuania, by May 2024, while the second system (so-called off-site system) will be implemented at a new utility-scale site near Butrimonys town, Lithuania, and start its operations by January 2025.

Maximising solar PV capacity with battery energy storage systems

The recent PPA agreement builds on an existing partnership between Green Genius and SUA that has been established back in 2018, when Green Genius installed a 1.0 MW solar PV plant on the Utenos alus brewery's rooftops.

This time, during implementation of the InnoSolveGreen project, Green Genius will install a new additional 1.5 MW solar PV system on the remaining brewery's rooftops, and increase the on-site solar PV capacity to a maximum extent. To accommodate this significant expansion without impeding local electrical grid, a 2.0 MWh battery energy storage system will be installed and efficiently deployed to meet the brewery's electricity demands - at the right place, at the right time, and at the required scale.

Moreover, the on-site solar PV capacity will be complemented by a new 5.0 MW off-site utility-scale solar PV plant that will be developed near Butrimonys town, Lithuania. The Butrimonys off-site plant will not only feature the latest solar PV technology, but also demonstrate a 4.0 MWh battery energy storage system integrated in a novel DC-and-AC connected configuration. The off-site battery energy storage system and its unique configuration will demonstrate a pathway for renewables integration into limited capacity electrical grids, as well as increase the asset's flexibility. Together, the Utenos alus on-site and Butrimonys off-site solar PV-plus-storage systems will enable SUA Utenos alus brewery to source 100% of its electricity from locally produced solar PV energy.

A pioneering example for Lithuania, the Baltic States, and the whole Europe

Green Genius and SUA believe in the high potential and pioneering nature of the endeavour. The shared hope is for other Lithuanian and EU businesses observe and adopt the InnoSolveGreen solution, as they too work to decarbonise operations and build energy self-sufficiency.

Ruslanas Sklepovicius, CEO of Green Genius: "It will be the first autonomous green electricity solution for industrial users in the Baltic States. Therefore, we see this project as an essential milestone toward sustainability and energy independence in the region".

Rolandas Virsilas, CEO of SUA, outlines the ambition: "We have clear commitments to the environment and our customers. Therefore, this project is undoubtedly important to us. For a long time, we have been using only electricity from renewable sources. Now we are raising the bar higher - we will use only local and only self-produced electricity that contributes new green electricity to the grid.

I believe that our example will encourage other Lithuanian businesses to take similar actions, because by investing in new green energy capacities, we are not only getting involved in the green transformation, but also taking care of Lithuania's energy security, which, as the events of recent years show, is extremely important".

Green Genius to implement a new industrial solar PV-plus-storage solution for a sustainable brewery in Lithuania

Renewables developer Green Genius, part of the Lithuanian Modus Group, will build two solar-plus-storage parks in Lithuania under a power purchase agreement with a company part of Danish brewery group Carlsberg A/S (CPH:CARL B).

The energy-as-a-service deal was signed with Lithuanian brewer Svyturys-Utenos Alus (SUA), Green Genius said on Tuesday, adding that this is the first such contract in the Baltic country.

Subscribe for Renewables Now's Corporate PPA Newsletter here for free!

The agreement calls for Green Genius to develop, build, commission and operate two photovoltaic (PV) parks that will supply electricity to its client's Utenos alus brewery, enabling it to run on 100% green energy. The plants will have integrated battery energy storage systems.

The first solar park will be installed at the site of SUA's brewery in Utena city and will become operational by May 2024. It will include 1.5 MW of rooftop arrays and a 2-MWh battery. The second one will be located near the town of Butrimony and is scheduled for commissioning by January 2025. The 5-MW solar park will be coupled with 4 MWh of energy storage capacity.

The Carlsberg group aims to achieve net zero carbon emissions across the entire value chain by 2040.

Green Genius

Latest news

Green Genius obtains loan for 80-MW wind farm in Lithuania

Renewable energy company Green Genius, operating in 8 European markets, signed 92 m...

Carlsberg A/S : Švyturys-Utenos alus and Green Genius partner for a new solar ene...

Technologies

Regions

Similar companies

Invite your team to PF Nexus

Unlock the full power of PF Nexus

Our platform is helping run hundreds of renewable energy projects.