The European Investment Bank (EIB) has completed its financing for the Kelmė wind farm in Lithuania – the largest operating wind site in the Baltic region – with an additional loan of €150 million to Ignitis Group.
The European Investment Bank (EIB) Group’s financing in Lithuania rose 29% to €577 million last year on the back of stepped-up support for security and defence in the country. The increase in 2025 also helped expand renewable energy and upgrade water networks in Lithuania.
The Lithuanian capital Vilnius will build a total of nine schools and kindergartens with €168 million in financing from international lenders including the European Investment Bank (EIB). The EIB is providing €84 million and the Nordic Investment Bank (NIB) is matching the sum.