Mundus Bridge Finance will provide EUR 9.5 million for Green Genius projects in Romania

Mundus Bridge Finance, a private debt fund of INVL, the leading investment management and life insurance group in the Baltics, will invest EUR 9.5 million into renewable energy company Green Genius projects in Romania.

Provision of the financing, by purchasing a private placement of bonds for Green Genius projects in Romania, is planned in several stages. The first investment by Mundus Bridge Finance will amount to EUR 0.5 million.

“We value Green Genius’s experience managing projects both in Lithuania and foreign markets. Our team has a great deal of experience assessing the risk of such projects, since part of the fund’s portfolio involves the financing of renewable energy projects,” says Viktorija Vaitkevičienė, the CEO of Mundus, the asset management company that manages the Mundus Bridge Finance private debt fund.

Green Genius, which operates in eight European countries, will use the funds raised to finance solar power plant development in Romania.

“Romania is an important market for Green Genius and for European green transition. We aim to develop and construct 500 MW of renewable energy projects in the coming years in that market. Such intense development requires efficient and clever financing. We see Mundus as a flexible, reliable, long-term financing partner for renewable energy projects,” says Rokas Bancevičius, the CFO of Green Genius.

Romania’s geographic location is particularly favourable for solar power plants due to its high number of sunny days. In addition, the regulatory environment in the country has recently improved. That is bringing increasing attention from international investors to renewable energy projects in Romania.

Mundus Bridge Finance, an open-ended fund for informed investors, seeks a stable long-term return by investing in private debt securities of companies in the fast-growing alternative finance sector and providing bridge financing for projects of various types. Since its launch in 2015, the fund has completed 22 transactions. At the end of September 2023, Mundus Bridge Finance had assets under management of EUR 29.4 million.

Mundus is wholly owned by INVL Asset Management, a part of INVL – the leading investment management and life insurance group in the Baltics.

About the INVL group

INVL is the leading investment management and life insurance group in the Baltic region. Its companies manage pension and mutual funds and life insurance directions, individual portfolios, private equity, and other alternative investments. Over 300,000 clients in Lithuania, Latvia and Estonia and international investors have entrusted the group’s companies with the management of more than EUR 2 billion of assets. In the business for more than 30 years now, the group has solid experience in managing private equity assets and building market players that are leaders in their respective fields in the Baltic countries and Central and Eastern Europe.

About Green Genius 

Green Genius is a renewable energy company developing, building, and operating solar, biogas, wind, and green hydrogen energy projects. Currently, the company holds a substantial pipeline of over 2 GW of assets in various stages of development and construction in 8 European countries.    

Green Genius has accumulated over 15 years of experience. Annually, the company generates approximately 315 GWh of green energy, saving more than 210,000 tons of CO2. That's approximately the amount that 10 million trees absorb in a year. Green Genius is a part of the international group of companies Modus Group, present in 11 European markets. More information: http://greengenius.com 

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