Modus Group revised its governance model: Ainė Martinkėnaitė-Martyniuk appointed as the new CEO
The international group of companies Modus Group revised its governance model, renewed the Management Board and appointed the new CEO. Starting from August, the latter position will be taken by Ainė Martinkėnaitė-Martyniuk who has been working in the group companies for more than 10 years. She will replace Kęstutis Bagdonavičius, PhD who will continue serving on the Supervisory Board. These changes reflect the first stage of renewed Modus Group governance model implementation. According to it, it is foreseen to give the group companies greater autonomy in the decision making process.
Aberdeen Standard Investments acquired a 40.4 MW solar portfolio from Green Genius
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.
Green Genius completed large scale solar energy projects in Poland and Ukraine and is planning a new stage of growth
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.