Ignitis Group
Company description
Ignitis Group is an international energy company and one of the largest energy groups in the Baltic region. The group’s core activities include power and heat production and supply, power and natural gas trading and distribution, and power system maintenance and development. It is a renewables-focused integrated utility company. By developing a low-carbon generation portfolio with a focus on offshore wind, onshore wind and solar photovoltaic energy, Power-to-X and storage technologies while leveraging its integrated business model, the company plans to deliver 4-5 GW of installed green and flexible capacities by 2030. Ignitis Group is committed to reaching net-zero emissions by 2040-2050.
The borrower, UAB VVP Investment, is Ignitis Group’s subsidiary established for developing and operating the wind farm.
Company details
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The company has not participated in any projects.
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Company updates
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December 18, 2023
Financing agreement signed for 63 MW onshore wind farm in Lithuania
The European Investment Bank (EIB), Nordic Investment Bank (NIB) and UAB VVP Investment, part of Ignitis Group, have signed a financing agreement for the 63 MW Mažeikiai onshore wind farm in Lithuania...
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August 17, 2023
UAB Ignitis Renewables starts commercial operation of 63 MW Mažeikiai wind farm
AB “Ignitis grupė”, through its subsidiary company UAB Ignitis Renewables, has reached the commercial operation date (COD), after the legal liability of wind turbines transfer from th...
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April 20, 2023
Ignitis Group adds capacity to 900 MW pumped storage project in Kruonis
Ignitis has announced plans to expand the 900 MW Kruonis Pumped Storage Plant near Kruonis in central Lithuania. The group will invest EUR150 million (US$164 million) in expanding the facility by anot...
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October 12, 2022
Nordex to supply turbines for 137 MW Onshore wind farm in Poland
Nordex Group received an order from Ignitis Group to suppy wind turbines for 137 MW Silesia 2 wind farm located near the city of Opole in the south-west of Poland.
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July 27, 2022
Ignitis starts construction of 50 MW wind farm in Lower Silesian
Ignitis Grupe AB has started the construction of the 50 MW wind farm project located in the Lower Silesian Voivodeship of southwestern Poland with a total investment of about EUR70 million (US$71.00 m...
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July 18, 2022
Ignitis Group awarded grid connection for 252 MW solar project in Jonava
Ignitis Group, through its subsidiary Ignitis Renewables Projektai, has been awarded a grid connection capacity by domestic transmission system operator Litgrid AB for its 252 MW solar photovolta...
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June 28, 2022
Siemens Gamesa to equip 882 MW Scottish offshore wind power project
Siemens Gamesa has secured an order to supply 60 of its SG 14-222 DD offshore wind turbines for the 882 MW Moray West offshore wind power project In Moray Fifth off the coast of Scotland. Each w...
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June 09, 2022
Ignitis secures approval for 22 MW solar project with a 10 MW wind farm in Taurage
Ignitis Renewables has received approval from the State Energy Regulatory Council to build a solar park in the Taurage district, Lithuania. The developer plans to combine a new 22 MW solar project wi...
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January 19, 2022
Nordex to supply turbines for 50 MW Bakow I wind farm in southwestern region of Poland
Lithuania’s state-owned energy holding company, Ignitis Group, has contracted the Nordex Group to supply 14 N117/3600 turbines for a wind farm in Poland. The turbines are projected for the...
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December 09, 2021
Ignitis commences operation of 94 MW Pomerania wind project
Ignitis Group has started the commercial operation of its 94 MW Pomerania wind farm project located in Poland after securing a generation license from the Polish energy regulator Urzad Reguliacji...
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