Ignitis Group Secures EUR 77.5 Million Financing for Solar Farms

Author: Owen Jenkins Updated: 05-16-2025 09:15 AM

Ignitis Group's Recent Financing Achievement

AB “Ignitis grup?” has exciting news for its stakeholders as it successfully secured a EUR 77.5 million financing agreement with Swedbank. This loan, formalized through its subsidiary, SP Venta SIA, is set to bolster the Group's renewable energy efforts, specifically aimed at developing the Stelpe and V?rme solar farms, which boast a combined capacity of 239 MW.

Details on the Financing Agreement

This notable financing deal is split equally between two creditors, establishing a 15-year loan term. The arrangement adheres to standard terms typically associated with project financing, which emphasizes the reliability and transparency expected in such transactions.

Solar Farms' Specifications

The V?rme solar farm contributes 94 MW, while the Stelpe solar farm provides an additional 145 MW, strategically located across two sites in Stelpe and B?rbale parishes in Bauska municipality. Overall, these solar installations are projected to generate enough electricity to power approximately 96,000 households.

Investment Insights

The total anticipated investment for these solar projects runs around EUR 178 million, covering both construction costs and project acquisitions. This significant financial input not only reflects Ignitis Group's commitment to renewable energy but also highlights its strategic goal of expanding its green energy portfolio.

Future Green Energy Caps

As part of its long-term strategy, Ignitis aims to dramatically enhance its green capacities from 1.4 GW in the current year to an impressive range of 4 to 5 GW by 2030. This goal demonstrates the Group's proactive approach in contributing to a sustainable energy future.

Impacts on Financial Guidance

Importantly, the recent financing move will not impact Ignitis Group's Adjusted EBITDA and investment guidance for 2025. This assurance signifies that the Group remains on track in its financial planning while expanding its renewable energy initiatives.

Contact Information

For any inquiries or further information, please feel free to contact:

Communications
Valdas Lopeta
+370 621 77993
valdas.lopeta@ignitis.lt

Frequently Asked Questions

What is the purpose of the financing agreement?

The financing agreement aims to support the development of the Stelpe and V?rme solar farms, enhancing Ignitis Group's renewable energy capabilities.

How much is the financing amount?

The financing amount is EUR 77.5 million, secured through a loan arrangement with Swedbank.

What is the capacity of the solar farms involved?

The combined capacity of the Stelpe and V?rme solar farms is 239 MW.

How many households can the solar farms power?

The solar farms are expected to generate enough energy to power approximately 96,000 households.

Will this financing affect Ignitis Group's financial guidance?

No, the financing will not impact the Group's 2025 Adjusted EBITDA and investment guidance.

About The Author

Hi there I'm 38-year-old author and financial consultant Owen Jenkins. Having worked in the financial sector for more than ten years, I am well-versed in the subtleties and complexity that mold our financial environment. Following a degree in finance, I worked in a number of financial institutions honing my abilities in market analysis, financial planning, and investment strategies.

My love is teaching others about investing and personal finance. My goal in writing many books and articles has been to demystify financial ideas and give readers the information they need to make wise financial decisions. I write with a direct, useful style that emphasizes doable suggestions for daily living.

Along with writing, I lead webinars and seminars where I impart knowledge on how to successfully negotiate the financial world. I also write for financial journals and show up as a guest expert on financial news programs a lot. Whether they are new to investing or want to improve their approach, my mission is to enable people to take charge of their financial futures.

Beyond work, I like to hike, play the guitar, and spend time with my family. I think that balance is crucial and want to encourage people to strike a balance between their financial aspirations and their hobbies. I want to help people succeed and achieve financial security through my work, so having a good influence.

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