European Bank for Reconstruction and Development to acquire a minority stake in Green Genius from Modus Group for €100m.

European Bank for Reconstruction and Development, an international financial institution, agreed to acquire a minority stake in Green Genius, a European renewable energy company, from Modus Group, an international group of companies, for €100m. “We are delighted to form a partnership with the EBRD. This partnership reflects Green Genius' long-term strategy to further build its development portfolio and transition into an independent power producer. This institutional partner will enable us to invest more actively in new renewable energy projects,” Ruslan Sklepovic, Green Genius CEO.