Lithuania: EIB completes €250 million backing for Baltic's largest wind farm. 16 June 2026 * EIB provides additional €150 million loan to Ignitis Group for Kelmė wind farm * New financing brings EIB backing for largest operating onshore wind facility in Baltics to €250 million * Site strengthens Lithuania's energy independence and green goals The European Investment Bank (EIB) has completed its financing for the Kelmė wind farm in Lithuania - the largest operating wind site in the Baltic region - with an additional loan of €150 million to Ignitis Group. The new financing brings the EIB's total support for the project to €250 million, representing almost half of a €550 million flagship investment that is reshaping Lithuania's energy landscape. The EIB last year provided an initial loan of €100 million for the Kelmė wind farm. "Our support highlights how strategic investments in renewable energy can deliver both energy security and economic resilience for Lithuania," said EIB Vice-President Karl Nehammer. "Projects like this help ensure stable, affordable and domestically produced electricity for the future." With an installed capacity of 314 megawatts (MW), the Kelmė wind farm, developed by Ignitis Renewables, reached full commercial operation in June 2025. It generates enough electricity to power 250,000 Lithuanian households and has significantly increased the country's domestic renewable electricity generation, strengthening energy security and reducing reliance on energy imports. "The additional EIB financing reflects continued confidence in Ignitis Group's strategy and our long-term partnership with the European Investment Bank. Access to capital at this scale is essential to expand domestic green generation and strengthen the regional energy system," said Ignitis Group Chief Financial Officer Jonas Rimavičius. "It also highlights the role of long-term partnerships with international financial institutions as a key enabler in delivering a secure and green energy ecosystem across the Baltic region." The project contributes to the European Union's REPowerEU objectives and supports the transition to a low-carbon economy in the Baltic region by delivering large-scale, subsidy-free renewable energy. Ignitis Group, a leading Baltic energy company, is expanding its renewable energy portfolio across the region. Background information About EIB Group The European Investment Bank (EIB) Group is the financing arm of the European Union, owned by the 27 Member States, and one of the largest multilateral development banks in the world. In 2025, the EIB Group signed €100 billion in new financing and advisory services for over 870 high-impact projects under eight core priorities that support EU policy objectives: climate action and the environment, digitalisation and technological innovation, security and defence, territorial cohesion, agriculture and the bioeconomy, social infrastructure, strong global partnerships and the savings and investments union. Beyond long-term loans for large infrastructure, the EIB Group crowds in private investment for high-risk innovative projects and businesses, with a growing role in Europe's markets for venture debt, venture capital, guarantees and securitisations. The EIB Group stepped up its support for Lithuania in 2025, providing €577 million in financing focused on defence, energy and infrastructure, helping to mobilise €1.4 billion in investment and support over 17,000 jobs. About Ignitis Group Ignitis Group is a leading integrated energy group in the Baltic region. Its purpose is to create a 100% secure and green energy ecosystem for current and future generations. Its integrated business model is benefiting from the largest network, energy storage capacity, and customer portfolio in the Baltics. The Group is active in the Baltic states, Poland and Finland. It leads the regional energy transition to strengthen its competitiveness and support economic growth. It secures local, reliable energy to support household well-being, enhance business competitiveness, and attract energy-intensive industries. Related project(s). The project consists of the design, construction and operation of an onshore wind farm in the west of Lithuania (Kelme county) with a nominal installed capacity of ca. 300 MW. The wind farm will be constructed in two phases. Phase 1 will comprise of an installed capacity of ca. 105 MW and Phase 2 will comprise of an additional capacity of ca. 195 MW. The two phases are located adjacent to each other. The scope will include the ancillary infrastructure, such as the grid connection. Related pages. Reference. 2026-208-EN Related tags. * Karl Nehammer * wind energy * management committee More press releases. 15 June 2026 12 June 2026 10 June 2026

Lithuania solar expansion: impressive 150 MW boost. Ignitis Group announces 150 MW solar expansion in Lithuania. Ignitis Group, a key player in the Baltic energy landscape, is making significant strides in advancing Lithuania's renewable energy goals. The announcement of a new 150 MW solar power expansion marks another critical step in the nation's transition towards sustainable energy and greater energy independence. This development is part of a broader, ambitious strategy to increase green energy capacity and solidify Lithuania's position as a leader in the region's energy transformation. Powering Lithuania solar expansion: A green energy future. The push for renewable energy is a national priority for Lithuania. This latest solar expansion by Ignitis Group aligns perfectly with the country's strategic objectives to reduce reliance on imported energy and combat climate change. By harnessing its domestic renewable resources, Lithuania is not only enhancing its energy security but also fostering innovation and economic growth within the green technology sector. Solar power, with its scalability and decreasing costs, is a cornerstone of this national strategy. A key piece in Lithuania's solar expansion puzzle. While this 150 MW solar project is a significant development on its own, it is best understood as part of Ignitis Group's larger, multi-faceted green generation portfolio. The company is aggressively diversifying its energy assets, with major investments across different renewable technologies. This strategy is clearly demonstrated by the company's landmark involvement in offshore wind energy. Ignitis Group has already secured the rights to develop a monumental 700 MW offshore wind project in the Baltic Sea. This massive undertaking, with construction permits anticipated in the coming years, showcases the scale of the company's ambition and its pivotal role in reshaping Lithuania's energy production for decades to come. Ready to make big profits? The solar Industry is Booming WE HELP NEWCOMERS to the solar industry start their own solar module production line. Customers can make BIG PROFITS by selling modules and finding investors, without wasting money and time on things they don't need! find your perfect solution The synergistic power of solar and wind. The dual investment in both large-scale solar and offshore wind is a strategically sound approach. Solar and wind power generation profiles are often complementary; solar panels produce energy during the day, while wind turbines can generate power throughout the day and night, often with higher output in different seasons. By developing a robust portfolio that includes both technologies, Ignitis Group is helping to create a more stable, reliable, and resilient national grid. This diversification ensures a more consistent supply of green energy, mitigating the intermittency challenges associated with individual renewable sources and paving the way for a future powered entirely by clean energy. As Ignitis Group continues to roll out projects like the 150 MW solar expansion and the 700 MW offshore wind farm, it is clear that the company is not just an energy supplier but a primary architect of Lithuania's sustainable future. Disclaimer: The information published here is aggregated from publicly available sources. PVknowhow.com does not guarantee the accuracy, completeness, or timeliness of the content. If you identify any incorrect or misleading information, please contact Pvknowhow so Pvknowhow can review and, if necessary, correct it. FREE PV-News