Sorainen has advised Rgreen Invest on providing EUR 42 million in funding to the Green Genius renewable energy company to build eight solar projects with a total capacity of 65.7 megawatts in Lithuania.
Rgreen Invest is a French investment management company specializing in the financing of green infrastructure.
According to Sorainen, “the solar power plants are scheduled to be built in Lithuania by 2024. They are projected to generate an estimated 82,400 megawatt-hours of green energy per year and to save over 34,600 tons of carbon dioxide. These parks will provide green electricity to the B2B sector and will be connected to the electricity distribution network.”
“Faced with the imperative to end European dependence on energy imports, it is crucial to remain operational by finding substitutes for our carbon-intensive electricity mix,” commented Rgreen Invest CEO Nicolas Rochon. “Boasting increasingly shorter development durations and cost efficiency, renewables enable us to decarbonize our interconnected European grid and increase our entire continent’s energy independence.”
“The green transition requires capital providers with financial and specific technical competence in the renewable energy field,” added Green Genius CFO Rokas Bancevicius. “These competencies are what makes our partners so appreciated in international markets.”
Sorainen’s team included Partners Augustas Klezys and Asta Augutyte-Rapkeviciene, Counsel Lina Ragainyte-Mezene, Senior Associates Justina Paskeviciene and Svetlana Rudaja, Associates Ieva Dagyte, Goda Drasute, Simonas Slitas, Laurynas Kontenis, Goda Jakubauskaite, and Sandra Aleksandraviciene, and Assistant Lawyer Andrius Pilitauskas.