Stelpe Solar Farm I Achieves Commercial Operation Milestone
Stelpe Solar Farm I Begins Commercial Operations
AB “Ignitis grup?” proudly announces that its solar project, Stelpe Solar Farm I, under the management of its subsidiary UAB “Ignitis Renewables,” has successfully reached the commercial operation milestone. This achievement marks a significant step in the company's commitment to renewable energy.
About the Solar Farm
Located in the southern region of Latvia, the solar farm spans an impressive 85 hectares and is equipped with a remarkable 121,000 solar panels. These installations enable a total generating capacity of 72.5 MW. The overall investment in this green energy project is approximately EUR 50 million, representing a substantial commitment to sustainable energy infrastructure.
Impact on Green Capacities
With the operational commencement of Stelpe Solar Farm I, Ignitis has effectively increased its total installed Green Capacities to an impressive 1.9 GW, up from 1.8 GW. This growth reflects the Group’s ongoing efforts to enhance its renewable energy portfolio, aligning with its long-term strategic goals.
Future Strategic Goals
The Group has set ambitious targets, aiming to elevate its Green Capacities from 1.4 GW in the near future to an impressive range of 4-5 GW by 2030. This strategic move underscores Ignitis' dedication to expanding its renewable energy production capabilities, contributing to a more sustainable environment for future generations.
Investor Guidance
It is crucial to note that the commencement of operations at Stelpe Solar Farm I will not impact the Group's Adjusted EBITDA or investment guidance for the upcoming fiscal year of 2025. This clarification ensures stakeholders maintain trust in the company's financial strategies and operational objectives.
Contact Information
For those seeking further details regarding this announcement or have inquiries about the Group's renewable energy initiatives, please reach out to:
Communication
Valdas Lopeta
+370 621 77993
valdas.lopeta@ignitis.lt
Frequently Asked Questions
1. What is the capacity of Stelpe Solar Farm I?
The Stelpe Solar Farm I has a total generating capacity of 72.5 MW.
2. Who operates the Stelpe Solar Farm I?
The solar farm is managed by UAB “Ignitis Renewables,” a subsidiary of AB “Ignitis grup?.”
3. Where is the solar farm located?
Stelpe Solar Farm I is situated in the southern part of Latvia.
4. How much was invested in the solar project?
The total investment for the project amounts to approximately EUR 50 million.
5. What are Ignitis' future green energy targets?
Ignitis aims to increase its Green Capacities to between 4-5 GW by the year 2030.
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