Green Genius secures €14.1 million financing from INVL Asset Management to advance 650 MW Italian solar portfolio
Type: Financing · Technology: Solar · Country: Italy · Capacity: 650 MW · Value: EUR 14.1M · Announced: 2026-06-19
Green Genius, a solar developer headquartered in Vilnius, Lithuania and part of the Modus Group, closed a €14.1 million development financing agreement with INVL Asset Management to accelerate its 650 MW Italian solar portfolio toward the Ready-to-Build (RTB) phase. The financing targets 170 MW already nearing RTB status, providing the liquidity needed to maintain momentum across Green Genius’s broader 3.1 GW European pipeline. This follows a March 2026 €50 million loan from the European Bank for Reconstruction and Development (EBRD), bringing EBRD’s total investment in Green Genius to €150 million. The capital will specifically fund permitting, grid connection applications, and pre-construction activities for the Italian projects, positioning the portfolio for rapid deployment once permits are secured. The deal underscores growing institutional appetite for early-stage solar development in Southern Europe, with INVL Asset Management joining EBRD as a key financier of Green Genius’s expansion strategy. Green Genius operates across Italy, Spain, and Poland, targeting utility-scale solar projects with capacities ranging from 50 MW to 200 MW per site.
Analysis
Green Genius has secured €14.1 million in development financing from INVL Asset Management to advance its 650 MW Italian solar portfolio toward the Ready-to-Build phase. This financing specifically targets 170 MW of projects nearing RTB status, adding to Green Genius's broader 3.1 GW European pipeline. Green Genius, part of Modus Group, operates across Italy, Spain, and Poland, developing utility-scale solar projects. This agreement follows a March 2026 €50 million loan from the European Bank for Reconstruction and Development (EBRD), bringing EBRD’s total investment in Green Genius to €150 million.
Key points
- €14.1 million financing from INVL Asset Management
- 650 MW Italian solar portfolio
- 170 MW nearing Ready-to-Build status
- €50 million loan from EBRD in March 2026
- EBRD's total investment in Green Genius reaches €150 million
Counterparties
- Modus Group (Parent Company)
- INVL Asset Management (Lender)
- Green Genius (Borrower)