In addition to acquiring the initial 34 MW of power plant portfolio, Nala has signed an agreement with Green Genius, under which the international investor intends to acquire another 45 MW PV projects in the future. The total portfolio capacity in Lithuania is expected to reach 79 MW.
We are glad that Nala Renewables considers the Baltic States a strategically important region for the renewable energy business and plans to continue expanding its operations there.
Green Genius is currently developing a portfolio of more than 2.7 gigawatts (GW) of renewable energy projects in eight European countries. The company produces an average of 315 gigawatt hours (GWh) of energy annually.
TGS Baltic represented the buyer Nala Renewables in this transaction. The team was led by Partner Dalia Tamašauskienė-Žilienė.
