Ignitis Group is an energy company from Lithuania that has shifted from a state-controlled utility toward a competitive, international player focused on green energy. It develops and operates renewable energy projects (such as wind farms) and provides electricity supply. Its product is electricity generation and delivery, with a growing portfolio of green generation projects and services for customers and markets. The company differentiates itself by its clear transition strategy from a former state monopoly to a publicly listed, investor-diversified group that prioritizes renewable energy expansion, supported by its IPO in 2020 which funded its green transition while maintaining state majority ownership. Its goal is to scale renewable generation and reduce carbon intensity, expanding its presence internationally while continuing to grow its renewable portfolio and energy services.
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Vilnius, Lithuania
Founded
1991
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