Ignitis Group concluded a EUR 77.5 million financing agreement with Swedbank

Core Viewpoint - Ignitis grupė has secured a EUR 77.5 million project financing agreement for the development of two solar farms in Latvia, aiming to enhance its green energy capacity significantly by 2030 [1][2][3] Group and Industry Summary - The financing agreement was concluded with Swedbank AS (Latvia) and Swedbank AB (Lithuania) for a total loan amount of EUR 77.5 million, to be repaid over 15 years [1][2] - The solar farms, Vārme (94 MW) and Stelpe (145 MW), will have a combined capacity of 239 MW, sufficient to power approximately 96,000 households in Latvia [2] - Total investment for the solar projects, including construction and acquisition costs, is estimated at around EUR 178 million [3] - The Group aims to increase its Green Capacities from 1.4 GW in 2024 to a target range of 4–5 GW by 2030 [3]