EBRD supports largest onshore wind farm in Baltic region

Core Insights - The European Bank for Reconstruction and Development (EBRD) is providing a loan of €79.5 million ($92.3 million) to Ignitis Group for the construction of the largest onshore wind farm in the Baltic region [1] - The total financing package for the project amounts to €318 million, aimed at enhancing Lithuania's energy security and supporting its transition to green energy [1][2] - The Kelmė wind farm will have a capacity of 314 MW and is expected to generate 740 GWh of zero-carbon electricity annually, enough to supply 250,000 households [2] Company Overview - Ignitis Group aims to achieve up to 5 GW of installed green generation capacity by 2030, currently having 2.1 GW of installed green capacities [3] - EBRD became the second-largest shareholder of Ignitis following its initial public offering in 2020 [3] Investment and Infrastructure - EBRD has supported Ignitis's investment program for the electricity distribution network in Lithuania and has expanded electric mobility infrastructure in the Baltic region [4] - Since its operations began in Lithuania, EBRD has invested over €1.8 billion in 143 projects, focusing on sustainable infrastructure and green transition [4]