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Dentons Advises Kommunalkredit on EUR 23 Million Loan to Green Genius in Lithuania

Dentons Advises Kommunalkredit on EUR 23 Million Loan to Green Genius in Lithuania

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Dentons has advised Kommunalkredit Austria AG on its provision of a EUR 23 senior term loan to Green Genius in Lithuania. Binder Groesswang and Glimstedt reportedly advised Kommunalkredit in Austria and Lithuania, respectively.

Kommunalkredit is an Austrian bank that specializes in infrastructure and energy financing, with a focus on sustainable infrastructure projects.

Green Genius, a subsidiary of Modus Group, is a renewable energy company developing solar energy and biogas projects across Europe. According to Dentons, Green Genius’s biogas portfolio in Lithuania reduces carbon dioxide emissions by 120 thousand tons every year and boasts one of the first biodegradable waste recycling lines in the Baltic States, installed at the power plant near Vievis.

According to Dentons, the loan will be used to refinance the existing indebtedness of 11 biogas power plants with a total capacity of 10.8 megawatts. In addition, the firm reported that the financing was granted by Kommunalkredit together with its Fidelio debt fund.

The Dentons team included Partner Piotr Nerwinski and Associate Jakub Walawski.

Dentons at a Glance

Dentons is the world's largest law firm, connecting talent to the world's challenges and opportunities in more than 75 countries. Dentons' legal and business solutions benefit from deep roots in our communities and award-winning advancements in client service, including Nextlaw, Dentons’ innovation and strategic advisory services. Dentons' polycentric and purpose-driven approach, commitment to inclusion and diversity, and world-class talent challenge the status quo to advance client and community interests in the New Dynamic.

Dentons is one of the leading law firms in CEE/CIS, with offices in Warsaw, Prague, Budapest, Moscow, Bucharest, Bratislava, Kyiv, Baku, Almaty, Astana, Tbilisi and Tashkent. With a legacy of supporting local and international clients in Central and Eastern Europe since the early 1990s, we have the experience and market insight to help clients close deals, resolve disputes and do business in the key markets across the region.

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