Ignitis Group has secured EUR 318 million in project financing for the Kelmė wind farm in Lithuania. The financing package was provided by a strong syndicate comprising both institutional and commercial banks, to cover the costs incurred in constructing the largest wind energy project in the Baltic region.
The financing includes:
- EUR 100 million from the European Investment Bank (EIB)
- EUR 98.5 million from Swedbank Lietuvoje
- EUR 79.5 million from the EBRD
- EUR 40 million from the Nordic Investment Bank
This is the largest debt financing ever raised at one time by Ignitis Group and is crucial in bringing projects like this to fruition. The support from our financial partners underscores the importance of collaboration in achieving our ambitious goal of reaching 4–5 GW of installed green generation capacity by 2030.
With an installed capacity of 314 MW, Kelmė wind farm will generate enough renewable electricity to power around 250,000 Lithuanian households — a key step towards cleaner energy and greater regional energy independence.
Source: Ignitis Group
