Published: 2020-02-25 08:27:58 CET
Ignitis grupė
Notification on material event

Regarding financing contracts for the Pomerania wind farm project

UAB Ignitis Grupė, (hereinafter – the Company, Ignitis Group) identification code 301844044, registered office placed at Žvejų str. 14, Vilnius, Republic of Lithuania. The total nominal value of issued bonds 600 000 000 EUR; ISIN codes XS1646530565; XS1853999313.

The Company informs, that Pomerania Wind Farm sp. z o.o, which is part of Ignitis Group, intends to make a deal with the European Investment Bank (EIB) for the loan of PLN 258 million (approx. EUR 60 million) for the implementation of the Pomerania wind farm project which is being developed in Poland. On 24th of February 2020, the Board of Ignitis Group approved the first-call guarantee agreement for this loan between the Company and EIB. Accordingly, the Company’s subsidiary UAB Ignitis Renewables, which owns all the shares of Pomerania Wind Farm sp. z o.o. is planning to sign an agreement with EIB for pledging 100 percent of the shares of Pomerania Wind Farm sp. z o.o. in favour of the lender.

The loan that is provided for the developing of the Wind Farm project is planned to be repaid by December 31, 2035. 

The Company will inform its investors about signing of these contracts by publishing a separate notification on material event and will announce the information to the media.

The Company announced the acquisition of Pomerania Invall Sp. z o. o. on 28 May 2019 by issuing a notification on material event. The planned capacity of the wind farm is 94 megawatts (MW). The construction works started in July 2019, whereas the launch of the park’s activity is expected in 2021.

Sustainable development based on the implementation of renewable energy projects both in Lithuania and abroad is among top priority goals in Ignitis Group’s Strategy 2030. Through these projects, the Group aims to increase its competitiveness and make a significant contribution to acceleration of the energy sector’s decarbonisation.

Artūras Ketlerius, Head of Public Relations, phone +370 620 76076, e-mail arturas.ketlerius@ignitis.lt