Kelme Wind Lithuania (EBRD-55604)

Regions
  • Europe and Central Asia
Geographic location where the impacts of the investment may be experienced.
Countries
  • Lithuania
Geographic location where the impacts of the investment may be experienced.
Specific Location
Kelme region
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • European Bank for Reconstruction and Development (EBRD)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
A
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Jul 23, 2025
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
UAB Ignitis Renewables (AB Ignitis Grupe)
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Energy
  • Infrastructure
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
Not Disclosed
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ EBRD website

Updated in EWS Jun 9, 2025

Disclosed by Bank May 22, 2025

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

As stated by the EBRD, the project consists of financing in favour of UAB "Vejas LT" and WINDLIT, UAB, special purpose vehicles incorporated in Lithuania for the development, construction and operation of two onshore wind farms with 313.7 MW installed capacity in total (114.1 MW and 199.6 MW respectively) in the Kelme region of northwest Lithuania.

The operation will enable constructing and operating two onshore wind farms with a combined capacity of 313.7 MW, with 44 turbine generators supplied by a European wind turbine manufacturer. The Banks proceed will be used alongside Sponsor's equity and co-lenders debt to fund the total cost of the project.

Some of the generated electricity from the 313.7 MW capacity will be sold in the Lithuanian Nord Pool day-ahead market, which will contribute adding liquidity to the market and benefit the market's development and stability.

The Project construction is nearing the end, and the commercial operation date is expected in 2025.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Information on the investment amount not provided at the time of disclosure.

Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

As stated by the EBRD, UAB "Vejas LT" and WINDLIT, UAB are limited liability companies incorporated in Lithuania. They are fully owned by UAB Ignitis Renewables, a renewable focused subsidiary of AB Ignitis Grupe (the "Sponsor"), a Lithuanian vertically integrated energy utility active in the Baltic region and Poland whose 75% shares are owned by Lithuanian Ministry of Finance and the balance is listed on the Nasdaq Vilnius and London Stock Exchange.

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - Ignitis Grupe AB Client Energy

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Client - UAB Ignitis Renewables:

Edgaras Sabaliauskas
Email: edgaras.sabaliauskas@ignitis.lt ; treasury@ignitis.lt
Phone: +370 617 77707
Website: www.ignitisgrupe.lt/en
Address: Laisves pr. 10, LT-04215 Vilnius

ACCESS TO INFORMATION

You can request information by emailing: accessinfo@ebrd.com or by using this electronic form: https://www.ebrd.com/eform/information-request

ACCOUNTABILITY MECHANISM OF EBRD

The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent.

You can contact the PCM at: pcm@ebrd.com or you can submit a complaint online using an online form at: http://www.ebrd.com/eform/pcm/complaint_form?language=en

You can learn more about the PCM and how to file a complaint at: http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html

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How it works