SUBSCRIBE
PROFILE

Green Genius, Supplies 25GW to Respect Energy

Green Genius and Respect Energy sign a 10-year power purchase agreement that will avoid 180,000 tons of CO2 emissions.

Share:

Subscribe for unlimited access to all energy sector news.

Over 150 multisector articles and analyses every week.

Your 1st year at 99 €*

then 199 €/year

SUBSCRIBE — 99 € for the 1st year

Create a free account to read this article

*renews at 199€/year, cancel anytime before renewal.

Green Genius and Respect Energy sign a 10-year power purchase agreement that will avoid 180,000 tons of CO2 emissions.

Power Purchase Agreements

Green Genius and Respect Energy, by signing a renewable electricity purchase agreement, are part of the decarbonization of the European Union. These contracts allow companies to protect themselves against unexpected variations in the price of electricity. The agreement between the two partners will come into effect in early 2024.

The energy will come from photovoltaic plants with a total installed capacity of 21MW. They are currently under construction in Poland as part of the energy leader’s 4th project portfolio. Povilas-Emilis Čėsna, Head of Trading at Green Genius, says:

“The PPA agreement with Respect Energy represents an important part of our portfolio in the Polish market, so we very much appreciate this partnership. I am convinced that the development of renewable energy sources is the only way to secure energy supply and independence for European countries.”

Environmental, social and governance (ESG) issues are becoming a priority for companies. Incorporating them is a way to help investors evaluate companies. In addition, they are also used to make socially responsible decisions that respect their values.

A European presence

Green Genius is a Lithuanian company in the field of renewable energy. It develops and exploits solar, wind, hydrogen and biomass energy. The group has 1.5GW of projects producing 400GWh in 2020, saving 335 tons of C02.

The Lithuanian company is present in about ten European countries. It has about fifteen projects finalized or in progress. Lithuania, Poland and Italy are the main countries selected to develop the company’s projects.

In 2021, Green Genius will begin construction of the first biogas power plant in Poland. In addition, it is launching solar parks in the Baltic States. Moreover, these projects are currently the largest in the region.

  • Popular on energynews.pro
Brazil Mobilizes $1 Billion for 65 Hydropower Plants
BOEM validates final review for 30 offshore sales in the Gulf of America
India diversifies coking coal purchases, Australia retreats
Quebec allocates $1.5M to meet the demand for wind turbine technicians
Equinor, Shell and TotalEnergies launch the first subsea CO2 injection in Norway
Ascent Solar and Star Catcher combine technologies for space-based solar energy
Ascent Solar Technologies has signed an agreement with Star Catcher Industries to enhance in-orbit power generation by combining lightweight photovoltaic technology with wireless energy transmission.
NextWave equips 529 MW of Cenergy solar projects with its PVPulse platform
NextWave Energy Monitoring integrated 529 megawatts of Cenergy solar projects into its PVPulse platform, including the largest 300 MW photovoltaic plant equipped with its monitoring system.
African solar panel imports surge 60% in one year
Solar panel imports into Africa reached 15,032 MW in one year, setting a record and marking an expansion beyond South Africa, according to the energy research organisation Ember.
Ferrovial invests $355mn in 250 MW solar plant in Texas
Ferrovial will launch a 250 MW solar plant in Texas for $355mn, expanding its US energy portfolio and creating around 300 jobs during the construction phase.
Philippines connect their first 4.99 MW floating solar power plant
The 4.99 MW floating solar power plant in Cebu supplies the Carmen Copper mining site, covering about 10% of its energy needs, with connection to the national grid now effective.
Axian and Sika invest €45 million in four solar power plants in Benin
Four photovoltaic plants totaling 50 MW will be built in Benin by Axian Energy and Sika Capital to strengthen the share of renewables in the country’s energy mix.
Qair secures USD 5.7 million financing for floating solar plant in Seychelles
Developer Qair secures a loan from the Facility for Energy Inclusion to build a 5.8 MWp floating photovoltaic solar plant in Providence Lagoon, the first utility-scale project of its kind in Seychelles.
Shikun & Binui commissions a 71 MW solar power plant in Romania
Israeli group Shikun & Binui begins commercial operation of its first photovoltaic park in Romania, a 71 MW facility located in Satu Mare County.
Canadian Solar posts record margin despite quarterly net loss
Canadian Solar reported a gross margin of 29.8% in Q2 2025, exceeding expectations despite a net loss, amid delayed project sales and asset impairments.
OSW raises USD 5.5 million to support its global solar market expansion
Australian distributor OSW secures strategic funding to accelerate U.S. growth and deploy its digital solar project management platform.
Solar will dominate more than half of the new power capacity planned in the United States in 2025
According to the Energy Information Administration, solar will represent the leading source of new U.S. power capacity this year.
Onyx and Corvias Complete 13 MW Solar Project at Fort Polk Military Site
Two 13 MW solar facilities have been completed at the Fort Polk military site in Louisiana by Onyx Renewables and Corvias as part of a partnership to secure the site’s long-term energy supply.
Photon Energy Group posts 7.5% growth despite declining EBITDA
Photon Energy Group reports quarterly revenue growth driven by solar technology trading, while profitability falls due to a weaker capacity market.
RWE secures two solar projects in North Rhine-Westphalia through a federal tender
Two photovoltaic projects led by RWE were selected in a federal tender, with commissioning scheduled by the end of 2026, subject to permits.
Eskom Opens Access to 291 MW of Solar Power for Large South African Consumers
The public utility Eskom launches a tender to sell long-term solar electricity via PPAs, directly targeting industrial players amid continued pressure on national energy security.
Scatec reports a 51% increase in revenue in the second quarter of 2025
The Norwegian group Scatec strengthens its position in emerging markets with a marked increase in revenue and its portfolio of projects under construction.
Masdar completes financing for the 2 GW Al Sadawi solar project in Saudi Arabia
The consortium led by Masdar has secured approximately $1.1 billion in financing to build one of the world’s largest solar power plants in Saudi Arabia’s Eastern Province.
The EBRD grants USD 150 million to Enerjisa to strengthen the Turkish power grid
The European Bank for Reconstruction and Development is financing the modernization of Enerjisa Enerji’s electricity distribution network in the Toroslar region, affected by the 2023 earthquakes.
Vikram Solar secures a 250 MW order from Bondada Group in India
Vikram Solar will supply 250 MW of high-efficiency solar modules to the Bondada Group for a project in Maharashtra, with deployment scheduled to begin in fiscal year 2025–2026.
Meta partners with Central and Silicon Ranch for a 100 MW solar park
Meta secures its energy supply in South Carolina with a 100-megawatt solar project led by Silicon Ranch and Central Electric Power Cooperative. The site will support the group's future data center in Graniteville.

Log in to read this article

You'll also have access to a selection of our best content.

or

Go unlimited with our annual offer: €99 for the 1styear year, then € 199/year.

SUBSCRIBE - €99