Ignitis Group

The loans will finance the construction and operation of a 314 MW wind farm located in western Lithuania. This is the largest onshore wind farm in the Baltic region to date. It will generate enough electricity to power around a quarter of a million households.

The project, developed by Ignitis Renewables, consists of 44 wind turbines and the necessary civil and electrical infrastructure. It is divided into two phases: Vėjas and Windlit.
The wind park has been operational since June 2025. The total estimated project cost is EUR 550 million.

UAB Ignitis Renewables consolidates the renewable energy business of Ignitis Grupė, the largest energy utility in the Baltics. The SPVs UAB Vėjas LT & UAB Windlit have been established for the construction and operation of the wind farms.

Phase I (Vėjas LT) is equipped with 16 wind turbine generators (WTGs), while Phase II (Windlit) comprises 28 WTGs, each with a capacity of approximately 7 MW and a height of up to 240 metres.

With wind energy already supplying 27% of Lithuania’s electricity, the Kelmė project marks a major step forward in meeting national energy needs using clean, domestic sources.

As a renewables-focused integrated utility, Ignitis Group is committed to a greener future. The company aims to deliver 4–5 GW of installed green capacity by 2030 and achieve net-zero emissions by 2040–2050, thereby strengthening its contribution to Europe’s decarbonisation and energy security.

Impact indicators in relation to the investments:

• Capacity, MW
• Annual production, GWh (P90)
• Levelised cost of electricity (LCOE), EUR/MWh

Both Vėjas LT and Windlit have obtained the necessary environmental and construction permits. The company will implement mitigation measures to minimise potential negative impacts on bats, sensitive bird species and nearby habitats.