Stelpe Solar Farm I Achieves Major Milestone in Renewable Energy

Author: Dylan Bailey Updated: 08-08-2025 02:15 AM

Stelpe Solar Farm I Marks a Significant Achievement

AB “Ignitis grup?” has announced a significant milestone with its Stelpe solar farm I reaching the commercial operation date (COD). This project is managed by its subsidiary, UAB “Ignitis renewables.”

Overview of the Stelpe Solar Farm I

Located in the southern region of Latvia, the solar farm spans an impressive 85 hectares. It features 121 thousand solar panels, contributing to a total installed capacity of 72.5 MW. The project represents a significant investment, totaling approximately EUR 50 million encompassing both acquisition and construction phases.

Impact on the Group's Renewable Energy Goals

With the successful launch of the Stelpe solar farm I, the Group's overall installed Green Capacities have risen to 1.9 GW, up from the previous total of 1.8 GW. This increase emphasizes the Group's commitment to expanding renewable energy resources.

Strategic Goals for Future Growth

The Group aims to significantly boost its Green Capacities from 1.4 GW in 2024 to an ambitious target of 4–5 GW by 2030. This strategic direction reflects the Group's focus on sustainability and diversifying its energy portfolio, aiming to lead the way in renewable energy solutions.

Financial Outlook

It's important to note that the information provided regarding the solar farm's commercial operations does not impact the Group's Adjusted EBITDA and Investments guidance for 2025. Stakeholders can remain confident in the Group's financial projections moving forward.

Contact Information

For further inquiries and details regarding the project and the Group's operations, interested parties can reach out to:

Communication
Valdas Lopeta
+370 621 77993
Email: valdas.lopeta@ignitis.lt

Frequently Asked Questions

What is the significance of the Stelpe solar farm I?

The Stelpe solar farm I represents a major achievement in renewable energy for Ignitis and contributes to their overall Green Capacities.

How many solar panels does the Stelpe solar farm I feature?

Stelpe solar farm I is equipped with 121 thousand solar panels, making it a substantial solar energy installation.

What is the total capacity of the solar farm?

The solar farm has a total installed capacity of 72.5 MW, significantly enhancing the Group's renewable energy capabilities.

How much investment was made in the solar farm?

The total investments for the Stelpe solar farm I amount to approximately EUR 50 million, covering acquisition and construction costs.

What are the future goals of the Group regarding renewable energy?

The Group is focused on increasing its Green Capacities from 1.4 GW in 2024 to between 4 and 5 GW by 2030, emphasizing their commitment to sustainable energy.

About The Author

My name is Dylan Bailey, and I am 28 years old. I am an author and an expert on the stock market who specializes in publicly traded companies. Early fascination with the stock market inspired me to seek a finance degree and then delve deeply into the world of stocks. I have developed over the years my abilities to spot investment prospects, assess business performance, and analyze market trends.

My books and articles try to help regular investors understand the nuances of the stock market. Anyone can, in my opinion, make wise investment choices and succeed financially if they have the correct information and resources. In my writing, I combine in-depth research with practical insights and advice that can be put into action. This is done with the intention of assisting readers in navigating the constantly shifting landscape of publicly traded companies.

In addition to writing, I also host webinars and workshops, where I give presentations and share my knowledge with a wider audience. I also write for top financial journals and show up as a guest analyst on financial news shows. I like to travel, spend time with my family, and keep active by playing different sports when I'm not buried in market research.

My goal is to enable people to choose wisely and consciously in their investments, so taking charge of their financial futures. By my work, I hope to create a community of informed and self-assured investors prepared to take advantage of the chances presented by the stock market.

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