Oct 24, 2025 (MarketLine via COMTEX) --
The EBRDaEUR(TM)s loan will allow Ignitis to finalise the implementation of its 314MW wind farm in KelmA-, western Lithuania.
The European Bank for Reconstruction and Development (EBRD) is lending ae79.5m ($92.3m) to Lithuanian integrated energy utility company Ignitis Group to facilitate the construction of the largest onshore wind farm in the Baltic region.AA
The loan is part of a comprehensive ae318m financing package designed to enhance Lithuania's energy security and support its transition to green energy.A
The financing package, which also includes contributions from the European Investment Bank, Swedbank and Nordic Investment Bank, will enable Ignitis to finalise its 314MW wind farm project in Kelme, western Lithuania.AA
The Kelme wind farm will generate 740 gigawatt hours (GWh) of zero-carbon electricity each year, sufficient to supply 250,000 households.A
The total investment in the project, including the acquisition price and construction costs, is expected to be ae550m.A
Ignitis is planning to achieve up to 5GW of installed green generation capacity by 2030, contributing to LithuaniaaEUR(TM)s national energy requirements and supporting European Union climate targets. The companyaEUR(TM)s installed green capacities are currently 2.1GW.A
In 2020, EBRD became the company's second-largest shareholder following Ignitis' initial public offering.AA
EBRD also backed the company's investment programme for the electricity distribution network in Lithuania, and expanded the electric mobility infrastructure throughout the Baltic region.A
Since commencing operations in Lithuania, EBRD has invested more than ae1.8bn in 143 projects within the country, with a significant emphasis on sustainable infrastructure and green transition.A
In May 2025, EBRD made a ae50m investment in the ae500m senior secured bond issuance by BulgariaaEUR(TM)s Eastern European Electric Company.A
http://www.datamonitor.com
Republication or redistribution, including by framing or similar means,
is expressly prohibited without prior written consent. Datamonitor shall
not be liable for errors or delays in the content, or for any actions
taken in reliance thereon
COMTEX_469768483/2227/2025-10-24T09:37:10
Copyright (C) 2025 Datamonitor. All rights reserved
