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VILNIUS - AB "Ignitis grupė" announced that its Kelmė wind farm I, managed by subsidiary UAB "Ignitis Renewables," has commenced commercial operations. This wind farm, situated in the Kelmė district of central Lithuania, features 16 Nordex (ETR:NDXG) N163/6.X wind turbines and now boasts a total installed capacity of 114.1 megawatts (MW), an increase from the previously reported 105.4 MW.
The adjustment in capacity aligns with current regulations and contributes to the larger Kelmė wind project, which is anticipated to be the largest of its kind in the Baltics. With an investment of approximately EUR 190 million in Kelmė wind farm I, the project will, along with the upcoming Kelmė wind farm II, reach a combined installed capacity of 313.7 MW, an upgrade from the initial 300 MW. This expansion is expected to satisfy the electricity needs of 250,000 Lithuanian households.
The total projected investment for the entire Kelmė wind farm, including both acquisition and construction costs, is estimated to be around EUR 550 million. The completion of Kelmė wind farm I has elevated the Group’s installed Green Capacities to 1.5 gigawatts (GW), a notable increase from the previous 1.4 GW.
The Group has reiterated its commitment to growing its Green Capacities, aiming to scale from 1.4 GW in 2024 to 4-5 GW by 2030, in line with its strategic objectives. The commencement of operations at Kelmė wind farm I does not impact the Group’s Adjusted EBITDA and Investments guidance for 2025.
This expansion is a significant step for the Group and underscores its contribution to the renewable energy sector in Lithuania. The completion of the Kelmė wind farm I is based on a press release statement and marks a milestone in the Group’s efforts towards achieving its green energy goals.
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