Lithuania’s Modus Asset Management has secured EUR 58mn of debt financing from Poland’s BNP Paribas Bank Polska and PKO Bank Polski, The Baltic Times reports. Modus Asset Management’s Modus Poland Solar Fund I will use the funds to finance the acquisition of a 93 MW solar farm portfolio in Poland. The fund now owns over…
The Lithuanian developer of solar project design software, PVcase, has secured USD 100mn (EUR 90mn) of new funding from international investors, pv magazine reports. Existing investor, Boston-based Elephant VC, Chicago-based Energize Ventures, and London-based Highland Europe participated in the funding round. This is the second-largest investment ever in Lithuania’s startup sector, Baltic News Network reports….
Lithuanian asset management firm Modus Asset Management’s Clean Energy Infrastructure Fund will acquire Estonian renewable energy company Evecon’s solar farm portfolio in Latvia for an undisclosed sum, The Baltic Times reports. The portfolio consists of ten ground-mounted solar farms with bifacial solar panels and a total installed capacity of 55 MW. The portfolio is close…