en.Wedoany.com Reported - The European Investment Bank (EIB) has provided an additional €150 million loan to support the Kelme wind farm project in Lithuania. This new financing brings the EIB's total support for the project to €250 million, accounting for nearly half of the project's total investment of €550 million. The EIB had already provided an initial loan of €100 million for the project last year. Developed by Ignitis Renewables, the Kelme wind farm has an installed capacity of 314 MW and became fully operational in June 2025. Its electricity generation can meet the power needs of approximately 250,000 Lithuanian households, significantly increasing the country's domestic renewable energy output, enhancing energy security, and reducing dependence on energy imports.

Karl Nehammer, Vice-President of the European Investment Bank, stated that this financing highlights how strategic investment in renewable energy can bring energy security and economic resilience to Lithuania, helping to ensure a stable, affordable, and domestically produced electricity supply for the country's future. Jonas Rimavicius, Chief Financial Officer of Ignitis Group, added that the additional financing from the EIB reflects continued confidence in Ignitis Group's strategy and the long-term partnership between the company and the EIB. Securing capital of this scale is crucial for scaling up domestic green power generation and strengthening regional energy systems, while also underscoring the role of long-term partnerships with international financial institutions as a key enabler for delivering a secure green energy ecosystem in the Baltic region.

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