Ignitis Group Secures €150M EIB Loan for Lithuania’s Largest Wind Farm
Event summary
- Ignitis Group secured a €150M loan from the European Investment Bank on June 16, 2026, for its Kelmė wind farm in Lithuania.
- The wind farm, fully operational since June 5, 2025, has a 313.7 MW capacity and total investments of up to €550M.
- This follows a €318M non-recourse project financing secured in October 2025.
- The loan does not impact Ignitis Group’s 2026 Adjusted EBITDA and Investments guidance.
The big picture
Ignitis Group’s €150M loan from the EIB underscores the growing financial backing for large-scale renewable projects in the Baltics. The Kelmė wind farm, already the region’s largest, highlights Lithuania’s push toward energy independence and decarbonization. The deal also reflects the EIB’s strategic focus on sustainable infrastructure financing, particularly in emerging European markets.
What we're watching
- Debt Strategy
- How Ignitis Group will allocate the additional €150M loan alongside existing €318M financing for Kelmė wind farm.
- Renewable Expansion
- Whether the EIB’s continued support signals broader financing trends for Baltic renewable projects.
- Operational Efficiency
- The pace at which Ignitis Group can leverage the wind farm’s full capacity to meet regional energy demands.
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