We advised the French asset manager Eiffel Investment Group on providing EUR 20 million in funding to the renewable energy company Green Genius. The funds will be used to complete the development of solar power plants in Italy and Spain.
Innovative financing for diversified projects
Pierre-Antoine Machelon, Managing Director and CIO Energy Transition at Eiffel Investment Group, comments that the group is providing innovative financing for a diversified project portfolio.
Pierre-Antoine Machelon says: “This financing granted by vehicles managed by Eiffel Investment Group contributes to pre-construction investments when normal long-term financing is not available. The portfolio consists of diversified projects that have reached the later stages of development, where there is no risk that the project will not be implemented.”
Green Genius, which belongs to the Lithuanian business group Modus Group, implements energy projects in Lithuania, Poland, Spain, Italy and Romania. It is expected that by 2025 their total capacity will reach 1.5 gigawatts (GW).
Our services and project team
Our team, consisting of partner Augustas Klezys and counsel Lina Ragainytė-Mezenė, advised Eiffel Investment Group on all legal matters related to the transaction, including structuring and drafting the Lithuanian law-governed financing documents, structuring and completing the take-up of the Lithuanian law-governed security package as well as assistance on coordination of workstreams related to the Italian and Spanish security take-up.