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Effective 1 April, Kęstutis Bagdonavičius, PhD will become the new Board Member and CEO of Modus Group. He will replace Liudas Liutkevičius who has been holding this position for 3 years and who will continue serving on the Board. K. Bagdonavičius will also be nominated to become Chairman of the renewed Modus Group Board. 

Kęstutis Bagdonavičius to become the new CEO of Modus Group

Green Genius, a renewable energy company owned by the international group of companies Modus Group, starts its operations in two new markets – Hungary and Romania. Here the company will develop solar energy projects. Green Genius plans to implement projects with a total capacity of more than 450 megawatts (MW) with a foreseen investment of EUR 300 million in the upcoming years.

Green Genius expands its business operations into Hungary and Romania

Modus Group became a member of the United Nations (UN) Global Compact, the largest voluntary corporate sustainability initiative in the world. By joining the initiative Modus Group commits to support and implement the Ten Principles of the UN Global Compact on human rights, labor, environment and anti-corruption and advance the broader development of the UN goals.

Modus Group joined UN Global Compact initiative

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Aberdeen Standard Investments (ASI), a leading global asset manager, and Modus Group, an international group of companies mostly focused on renewable energy, have reached an agreement for a sales transaction for a portfolio of solar power parks in Poland.

The biggest transaction for solar power parks in Poland has been announced

Lithuanian conglomerate Modus Group is exploring options to scale the operations of its car-sharing arm CityBee, including attracting an equity investor, Chairman Liudas Liutkevicius said.

Modus Group explores options to scale CityBee; could seek equity investor – Chairman

Lithuanian conglomerate Modus Group is in the process of selling a 41 MW-capacity solar park in Poland, Chairman Liudas Liutkevicius said.

Modus Group to sell 41MW-capacity solar park in Poland, could buy solar projects for development – Chairman

Lithuanian firm Modus Group, through its renewable subsidiary Green Genius, planned to install 200 MW of solar power capacity in Spain before 2022, the company said on Thursday.

Modus Group to install 200 MW solar in Spain by 2022

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