/LONDON, June 16, 2026, 13:00 BST, RENEWABLE MARKET WATCH™/
The European Investment Bank (EIB) has finalised a strategic financing package for the Kelmė wind farm in Lithuania—currently the largest operational wind energy facility in the Baltic region—by extending an additional €150 million loan to Ignitis Group. This targeted financial support reinforces the project’s status as a benchmark for sustainable energy development and underscores the EIB’s commitment to facilitating large-scale, renewable infrastructure investments in emerging European markets.
With this latest tranche, the EIB’s total investment in the project now stands at €250 million, comprising nearly 50% of the €550 million capital commitment required for this flagship initiative. The original €100 million loan, issued last year, enabled early-stage project execution, while the additional funding supports continued development, integration, and operational scaling—driving Lithuania’s transition toward a more resilient and self-sufficient energy sector.
“Our support highlights how strategic investments in renewable energy can deliver both energy security and economic resilience for Lithuania,” said EIB Vice-President Karl Nehammer. “Projects like this help ensure stable, affordable and domestically produced electricity for the future.”
The Kelmė wind farm, developed by Ignitis Renewables, boasts an installed capacity of 314 megawatts (MW) and achieved full commercial operation in June 2025. As the largest wind energy facility in the Baltic region, it delivers a substantial increase in Lithuania’s domestic renewable electricity generation—supplying clean energy to approximately 250,000 households. This large-scale project is instrumental in enhancing national energy security, reducing dependency on imported power, and positioning Lithuania as a leader in the transition to a sustainable, low-carbon economy.
“The additional EIB financing reflects continued confidence in Ignitis Group’s strategy and our long-term partnership with the European Investment Bank. Access to capital at this scale is essential to expand domestic green generation and strengthen the regional energy system,” said Ignitis Group Chief Financial Officer Jonas Rimavičius.“ It also highlights the role of long-term partnerships with international financial institutions as a key enabler in delivering a secure and green energy ecosystem across the Baltic region.”
The project contributes to the European Union’s REPowerEU objectives and supports the transition to a low-carbon economy in the Baltic region by delivering large-scale, subsidy-free renewable energy. Ignitis Group, a leading Baltic energy company, is expanding its renewable energy portfolio across the region.
For more information and answers to your questions about the Baltic wind power market and related content, you may read here: Europe Wind Power Market Outlook 2025 – 2034
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