<\/p>\n
Ignitis Group, an integrated renewable energy company in Lithuania, announced that it has signed a 20.7 million euro financing agreement with Swedbank to refinance the obligations of EURAKRAS, its subsidiary managing a 24 megawatt (MW) wind farm in the Jurbarkas district.<\/p>\n
The green financing arrangement, finalised on 17 October, aligns with Ignitis Group\u2019s broader strategy to accelerate green energy capacity and achieve 4\u20135 gigawatts (GW) of installed renewable energy by 2030, the company said.<\/p>\n
\u201cThis green financing agreement enables us to continue rapid investments into renewable energy projects while maintaining healthy financial performance indicators, which allows us to generate consistent returns,\u201d said Jonas Rimavi\u010dius, Group CFO. He emphasised Ignitis Group\u2019s commitment to building a \u201c100 per cent green and secure energy ecosystem,\u201d a mission that aligns closely with national goals in Lithuania.<\/p>\n
The financing, set for a 7-year term, meets the established green financing criteria, underscoring both companies\u2019 commitment to sustainable energy development, Ignitis stated.<\/p>\n
\u201cOne of our bank\u2019s strategic goals is to actively contribute to financing projects aimed at green transition in Lithuania,\u201d Swedbank\u2019s Ignas Ma\u010deika, Head of Corporate Customer Division, commented. \u201cWe are delighted by our long-standing partnership with Ignitis Group, which demonstrates leadership in implementing complex renewable energy projects in the Baltic states. This agreement showcases our team\u2019s readiness to support ambitious renewable development plans, increasing the resilience of the national energy sector.\u201d<\/p>\n
Mr Rimavi\u010dius highlighted that expanding green energy generation capacity is a key driver of Ignitis Group\u2019s growth. The company said it currently has a renewable energy portfolio totalling 7.7 GW, with 1 GW under construction across Lithuania, Latvia and Poland.<\/p>\n
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Ignitis Group, an integrated renewable energy company in Lithuania, announced that it has signed a 20.7 million euro financing agreement with Swedbank to refinance the obligations of EURAKRAS, its subsidiary managing a 24 megawatt (MW) wind farm in the Jurbarkas district. The green financing arrangement, finalised on 17 October, aligns with Ignitis Group\u2019s broader strategy […]<\/p>\n","protected":false},"author":1,"featured_media":2822,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2821","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bez-rubriki"],"featured_image_src":{"landsacpe":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2024\/11\/Green-financing-1.jpg",612,418,false],"list":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2024\/11\/Green-financing-1-463x348.jpg",463,348,true],"medium":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2024\/11\/Green-financing-1-300x205.jpg",300,205,true],"full":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2024\/11\/Green-financing-1.jpg",612,418,false]},"_links":{"self":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/2821","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/comments?post=2821"}],"version-history":[{"count":1,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/2821\/revisions"}],"predecessor-version":[{"id":2823,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/2821\/revisions\/2823"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/media\/2822"}],"wp:attachment":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/media?parent=2821"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/categories?post=2821"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/tags?post=2821"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}