Green Genius to develop 500MW Italian PV portfolio with Eiffel Investment Group backing

Facebook
Twitter
LinkedIn
Reddit
Email
Green Genius has recently made several project announcements in the Baltics. Image: Green Genius.

Lithuanian renewables developer Green Genius has partnered with Eiffel Investment Group to develop and finance a 500MW solar PV portfolio in Italy.

The agreement established a joint venture (JV) between Green Genius and Eiffel Transition Infrastructure, a fund newly established in 2022 by Eiffel Investment Group to provide equity bridge financing for renewable energy assets and infrastructure in Europe.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

Eiffel will make an initial investment of up to €15 million (US$16.4 million) in the projects, which will be predominantly located in the south of the country, in Puglia and the island of Sardinia. Green Genius will handle project development, with construction expected to commence by the end of this year.

The precise breakdown of the projects included in the portfolio was not clarified.

“This innovative capital solution offered by our partner brings flexibility and opens new opportunities in a complex process of developing renewables. Italy is one of our key markets where the company has already successfully developed projects in the past,” said Rokas Bancevičius, CFO of Green Genius.

Green Genius has a significant presence in Eastern Europe and the Baltics. January this year saw the company announce both plans and funding for projects in Latvia and Poland, and PV Tech Premium discussed Green Genius’ fortunes in Poland in our recent two-part analysis of the country’s PV ascendence.  

Fellow Lithuanian solar company, manufacturer Solitek, recently announced plans for a 600MW tunnel oxide passivated contact (TOPCon) module assembly plant in Italy, focusing on specific and niche markets and deployments. PV Tech Premium spoke with the company about the announcement.

In 2021, Eiffel Investment Group established a similar JV with ReneSola to finance and deploy up to 700MW of PV projects across Europe through 2024.

25 November 2025
Warsaw, Poland
Large Scale Solar Central and Eastern Europe continues to be the place to leverage a network that has been made over more than 10 years, to build critical partnerships to develop solar projects throughout the region.

Read Next

September 16, 2025
IB Solar is investing INR30 billion (US$340 million) in a 4GW TOPCon solar cell and module manufacturing plant in Jewar, Uttar Pradesh.
September 15, 2025
Italy’s latest renewable energy tender has received 12GW of bids, of which the majority, 10GW, came from solar PV.
September 15, 2025
Sunrun has priced a securitisation of leases and power purchase agreements, taking its non-recourse debt capital raised in Q3 above US$1.5 billion. 
September 15, 2025
Norwegian energy firm Statkraft has agreed to divest a portion of its renewable energy portfolio to Serentica Renewables.
September 15, 2025
UNSW spin-out company Lab360 Solar has been awarded funding from ARENA to bring its drone-based PV inspection technology to market.
September 15, 2025
Vikram Solar has secured a contract to supply 200MW of modules to AB Energia, a domestic solar engineering, procurement, and construction (EPC) solutions provider. 

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines