Aberdeen Standard Investments (ASI) and Green Genius, part of the Modus Group international group of companies, have finalised a transaction whereby ASI will acquire a 100% stake in a 40.4 MW turnkey portfolio of ground mounted solar photovoltaic (“PV”) farms from Green Genius.
Aberdeen Standard Investments acquired a 40.4 MW solar portfolio from Green Genius
Green Genius, a renewable energy company that is a part of the international group of companies Modus Group, has successfully implemented large scale solar energy projects in Poland and Ukraine. The company implemented solar parks with a total capacity of 74 megawatts (MW) in these markets, more than EUR 66 million was invested in these projects. Green Genius has already secured financing for the new solar energy parks development in Poland and is starting a new stage of growth in the country.
Green Genius completed large scale solar energy projects in Poland and Ukraine and is planning a new stage of growth
The audited consolidated revenue of Modus Group, an international group of companies mainly operating in renewable energy, mobility, and automotive areas, rose by nearly 50 percent and exceeded EUR 504 million last year. The Group continuously grew its investments in different business areas in Lithuanian and foreign markets. Compared to 2018, the company‘s total investments increased by 2.5 times, reaching almost EUR 159 million.
Modus Group revenue exceeded half-billion euros, investment grew 2.5 times