The European Investment Bank (EIB) has finalised its €250 million financing package for the Kelmė wind farm in Lithuania, the largest operational onshore wind project in the Baltic region.
The latest €150 million loan to Ignitis Group follows an initial €100 million financing agreement signed in 2025, bringing the EIB’s total contribution to nearly half of the project’s €550 million investment cost.
Located in Lithuania, the Kelmė wind farm has an installed capacity of 314 megawatts and became fully operational in June 2025. The facility generates enough renewable electricity to power approximately 250,000 households, significantly boosting the country’s domestic energy production.
The project plays an important role in strengthening Lithuania’s energy independence by reducing reliance on imported energy while supporting national and European climate goals. It also contributes to the European Union’s REPowerEU strategy, which aims to accelerate the transition toward clean and secure energy sources.
EIB officials said the investment demonstrates how large-scale renewable energy projects can improve energy security, support economic resilience and provide affordable electricity for consumers. The financing is expected to help Lithuania advance its low-carbon energy transition while strengthening the broader Baltic energy market.
Ignitis Group, one of the leading energy companies in the Baltic region, is continuing to expand its renewable energy portfolio across Lithuania, Latvia, Estonia, Poland and Finland. Company representatives noted that access to long-term financing is essential for increasing green energy generation and building a more sustainable regional energy system.
The Kelmė wind farm represents one of the most significant renewable energy investments in Lithuania and highlights growing momentum behind clean energy development across the Baltic region. By combining public financing with private investment, the project supports long-term energy security, economic growth and climate resilience.
