Ignitis Group Completes 313.7 MW Kelmė Wind Farm in Lithuania
Why we think this is neutral
The RNS announcement provides a factual update on the completion of the Kelmė wind farm project, which is a positive development for the company. However, the lack of financial details and forward-looking commentary makes it difficult to assess the overall sentiment. The tone is neutral, without any explicit negative language, but there are also no strong indications of outperformance or exceptional results. Therefore, a neutral sentiment score is appropriate based on the information provided.
Key Points
- Kelmė wind farm II has reached commercial operation, increasing the Group's installed Green Capacities to 1.7 GW
- The Kelmė wind farm has a combined installed capacity of 313.7 MW and will cover the electricity demand of 250 thousand Lithuanian households
- Total investments in the Kelmė wind farm project amount to around EUR 550 million
- The Group's objective is to increase its Green Capacities from 1.4 GW in 2024 to 4–5 GW by 2030
Summary
Ignitis Group has announced that its subsidiary Ignitis Renewables has reached the commercial operation date for the Kelmė wind farm II in Lithuania. The wind farm, together with Kelmė wind farm I, has a combined installed capacity of 313.7 MW and will cover the electricity demand of 250 thousand Lithuanian households. The total investments in the Kelmė wind farm project amount to around EUR 550 million. The Group's objective is to increase its Green Capacities from 1.4 GW in 2024 to 4–5 GW by 2030.