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Ignitis Group secures EUR 318 million financing for Kelmė wind farm in Lithuania
Globenewswire· 2025-10-22 13:00
Core Insights - The Group has signed a EUR 318 million project financing agreement for the Kelmė wind farm, the largest in the Baltics, with a total investment of EUR 550 million [1][3] Financing Details - The Loan is provided by a consortium of lenders including the European Investment Bank, Swedbank AB, European Bank for Reconstruction and Development, and Nordic Investment Bank, with a term of 15 years [2] Project Specifications - The Kelmė wind farm has a combined installed capacity of 314 MW and is capable of supplying electricity to 250,000 Lithuanian households [3] Strategic Goals - The Group aims to increase its Green Capacities from 1.4 GW in 2024 to 4–5 GW by 2030, currently having installed Green Capacities of 2.1 GW [4]
72.5 MW Stelpe solar farm II in Latvia reaches the commercial operation date
Globenewswire· 2025-09-22 06:00
Core Viewpoint - The Ignitis Group has successfully launched the Stelpe solar farm II, enhancing its renewable energy capacity and contributing to its strategic goal of increasing green energy production by 2030 [1][3]. Group Summary - The Stelpe solar farm II, located in Bauska municipality, Latvia, spans 85 hectares and features 121,000 solar panels with a total installed capacity of 72.5 MW [2]. - The total investment for the solar farm is approximately EUR 54 million, covering both acquisition and construction costs [2]. - The Stelpe solar project includes two sites, each with a capacity of 72.5 MW, resulting in a combined capacity of 145 MW, sufficient to meet the electricity needs of around 70,000 households [3]. - With the completion of Stelpe solar farm II, the Group's total installed Green Capacities have reached 2.1 GW [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 [4].
136.8 MW Silesia wind farm II in Poland reached the commercial operation date
Globenewswire· 2025-08-25 06:00
Group Overview - Ignitis grupė has announced that Silesia wind farm II has reached its commercial operation date (COD) [1] - The wind farm is located in Opole voivodeship, Poland, and features 38 Nordex N117/3600 wind turbines with a total capacity of 136.8 MW [2] - Silesia wind farm II can supply electricity to approximately 177,000 households annually, making it one of the largest wind farms in Poland [2] Investment and Capacity Expansion - The total investment for Silesia wind farm II is projected to be up to EUR 240 million, covering acquisition and construction costs [2] - With the completion of Silesia wind farm II, the Group's installed Green Capacities have increased to 2.1 GW, up from 1.9 GW [3] - The Group aims to expand its Green Capacities from 1.4 GW in 2024 to a target of 4–5 GW by 2030 [3]
72.5 MW Stelpe solar farm I in Latvia reaches the commercial operation date
Globenewswire· 2025-08-08 06:00
Group Overview - The Group has announced that Stelpe solar farm I has reached its commercial operation date (COD) [1] - The solar farm is located in Bauska municipality, Latvia, covering 85 hectares and equipped with 121,000 solar panels with a total installed capacity of 72.5 MW [2] Investment and Capacity Expansion - Total investments in the Stelpe solar farm I project amount to EUR 50 million [2] - With the completion of this solar farm, the Group's installed Green Capacities have increased to 1.9 GW, up from 1.8 GW [2] Strategic Goals - The Group aims to increase its Green Capacities from 1.4 GW in 2024 to a target of 4–5 GW by 2030 [3] - The announcement does not impact the Group's Adjusted EBITDA and Investments guidance for 2025 [3]
94 MW Vārme solar farm in Latvia reaches the commercial operation date
Globenewswire· 2025-07-30 06:05
Core Points - The Vārme solar farm, controlled by Ignitis Renewables, has reached its commercial operation date (COD) [1] - The solar farm is located in Kuldīga municipality, Latvia, covering 110 hectares with 156,000 solar panels and a total installed capacity of 94 MW, capable of supplying electricity to over 40,000 households [2] - Total investments in the solar farm amount to EUR 66 million [2] - With the COD of Vārme solar farm, the Group's installed Green Capacities have increased to 1.8 GW from 1.7 GW [3] - The Group aims to increase its Green Capacities from 1.4 GW in 2024 to 4–5 GW by 2030 [3] - The announcement does not affect the Group's Adjusted EBITDA and Investments guidance for 2025 [3]
313.7 MW Kelmė wind farm in Lithuania has reached the commercial operation date, after completion of second stage
Globenewswire· 2025-06-05 06:00
Core Viewpoint - The Kelmė wind farm II has commenced commercial operations, contributing to the largest wind farm in the Baltics, with significant investments and capacity to meet the electricity needs of Lithuanian households [1][2]. Group Summary - Kelmė wind farm II, along with Kelmė wind farm I, forms the largest wind farm in the Baltics, with a total installed capacity of 313.7 MW, capable of supplying electricity to 250,000 households [2]. - The total investment for the Kelmė wind farm, including both wind farms, is approximately EUR 550 million [2]. - Kelmė wind farm II consists of 28 Nordex N163/6.X wind turbines, with a total installed capacity of 199.6 MW, and the investment for this specific wind farm is around EUR 360 million [3]. - Following the commercial operation date of Kelmė wind farm II, the Group's installed Green Capacities have increased to 1.7 GW, up from 1.5 GW [3]. - The Group aims to expand its Green Capacities from 1.4 GW in 2024 to a target range of 4–5 GW by 2030 [4].