The financing effort includes contributions from the European Investment Bank, Swedbank, and the Nordic Investment Bank, enabling Ignitis Group to complete the wind farm’s development. The project aligns with Ignitis’s goal to achieve 5GW of installed renewable energy capacity by 2030 and supports Lithuania’s national energy objectives and broader European Union climate targets.
Ignitis Group, Lithuania’s leading electricity supplier and a prominent player in the Baltic energy market, has a longstanding partnership with the EBRD. Since Ignitis’s initial public offering in 2020, the EBRD has been its second-largest shareholder, previously funding projects in electricity distribution and e-mobility infrastructure across the region.
An Ignitis Group spokesperson stated: “The Kelm? wind farm is a cornerstone of our commitment to expanding renewable energy capacity and contributing to a sustainable energy future for Lithuania and the Baltic region.”
The EBRD has invested over €1.8 billion in 143 projects in Lithuania since starting operations there, focusing on sustainable infrastructure and the transition to green energy. The Kelm? wind farm is expected to enhance energy security and reduce reliance on fossil fuels, fostering economic and environmental benefits in the region.
A representative from the EBRD noted: “Our support for the Kelm? wind farm underscores our dedication to advancing clean energy solutions and strengthening energy security in Lithuania. This project exemplifies how collaborative financing can drive significant progress toward a greener future.”
The Kelm? wind farm is set to play a pivotal role in Lithuania’s energy landscape, providing clean electricity and supporting job creation during its construction and operation phases. By integrating advanced wind technology, the project will contribute to the stability of the regional power grid while promoting sustainable development. Ignitis Group’s efforts, backed by international financial institutions, position Lithuania as a leader in renewable energy within the Baltic region, paving the way for further investments in clean energy infrastructure.
