Ignitis Group Secures €318 Million Financing Package Led by EBRD to Advance Lithuania’s Green Energy Transition

Ignitis Group Secures €318 Million Financing Package Led by EBRD to Advance Lithuania’s Green Energy Transition

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is lending €79.5 million to Ignitis Group as part of a €318 million financing consortium that includes the EIB, Swedbank, and NIB to fund the 314 MW Kelmė wind farm in Lithuania. As the largest onshore wind project in the Baltic region, the farm will generate 740 GWh of renewable electricity annually, powering around 250,000 households and reinforcing Lithuania’s energy security. The project contributes to Ignitis Group’s 2030 goal of 5 GW of green capacity and supports the EU’s climate commitments. The EBRD, a major investor and long-term partner of Ignitis, has invested more than €1.8 billion in Lithuania to date, with a focus on green infrastructure and sustainable growth.

(PRESS RELEASE) LONDON, 23-Oct-2025 — /EuropaWire/ — The European Bank for Reconstruction and Development (EBRD) has announced a €79.5 million loan to Ignitis Group, Lithuania’s leading energy utility, as part of a broader €318 million financing package aimed at supporting the construction of the largest onshore wind farm in the Baltic region. Located in Kelmė, western Lithuania, the 314-megawatt (MW) wind farm marks a significant milestone in the country’s transition toward renewable energy and greater energy independence.

The landmark financing includes participation from the European Investment Bank (EIB), Swedbank, and the Nordic Investment Bank (NIB), underscoring strong international confidence in Lithuania’s green energy ambitions. Once operational, the Kelmė wind farm will produce approximately 740 gigawatt hours (GWh) of clean electricity annually—enough to supply up to 250,000 Lithuanian households—and will play a vital role in meeting the country’s national energy and climate targets.

This project directly supports Ignitis Group’s strategic goal of achieving 5 gigawatts (GW) of installed green generation capacity by 2030. It also advances Lithuania’s commitment to the European Union’s climate objectives, contributing to lower carbon emissions and a more resilient energy system.

Ignitis Group, listed on Nasdaq Vilnius and active across the Baltic States and Poland, has been central to the region’s renewable energy development. The EBRD, which became Ignitis’s second-largest shareholder following its 2020 IPO, has maintained a long-standing partnership with the company through previous support for electricity network modernization and the rollout of electric mobility infrastructure.

Since beginning operations in Lithuania, the EBRD has invested over €1.8 billion across 143 projects, with a strong emphasis on sustainable infrastructure and energy security. The latest investment reaffirms the Bank’s commitment to helping Lithuania strengthen its clean energy capacity and reduce dependency on fossil fuels, setting an example for energy transition efforts across Central and Eastern Europe.

Media Contact:

Nigina Mirbabaeva
Email: media@ebrd.com 

SOURCE: EBRD