Natural Power has acted as Lenders' Technical Advisor (LTA) to senior lenders Norddeutsche Landesbank (NORD/LB) and the Nordic Investment Bank (NIB) on the successful financing of two large-scale solar PV projects in Lithuania developed by Green Genius.
The projects are the 91 MWp solar parks in Lithuania's Izabelinė (Ignalina municipality) and Lieponys (Trakai district) as well as an 18 MW BESS at the Izabelinė site. These developments significantly contribute to Lithuania's renewable energy targets and energy independence strategy.
As LTA, Natural Power delivered the technical due diligence report covering design, technology, site conditions, grid connection, construction contracts, and operational assumptions. This report supported the lenders in reaching their investment decision, enabling the projects to achieve financial close this month, August 2025.
Gregory Dudziak, Director of Advisory - Europe, at Natural Power, said: "We are proud to support Nord LB and NIB in financing these landmark solar projects in Lithuania. With a combined capacity of 182MWp, Izabelinė and Lieponys will make a substantial contribution to the country's renewable energy transition. In our role as expert technical advisors, we've ensured robust due diligence and will continue to support our clients throughout construction to help deliver high-quality, sustainable assets."
These projects are expected to generate enough clean electricity to power more than 100,000 homes annually, avoiding significant CO emissions, and strengthening Lithuania's renewable energy mix.
Natural Power will continue to support throughout the construction phase, monitoring progress and providing ongoing technical support on behalf of the lenders to ensure the successful delivery of the projects.
