Search En menu en ClientConnect
Search
Results
Top 5 search results See all results Advanced search
Top searches
Most visited pages

    Signature(s)

    Amount
    € 32,000,000
    Countries
    Sector(s)
    Litwa : € 32,000,000
    Energetyka : € 32,000,000
    Signature date(s)
    14/12/2023 : € 32,000,000

    Summary sheet

    Release date
    8 May 2024
    Status
    Reference
    Signed | 14/12/2023
    20210173
    Project name
    Promoter - financial intermediary
    MAZEIKIAI ONSHORE WIND GREEN ENERGY LOAN
    AB IGNITIS GRUPE
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 60 million
    EUR 85 million
    Location
    Sector(s)
    • Energy - Electricity, gas, steam and air conditioning supply
    Description
    Objectives

    Construction of a 63 MW onshore wind farm and its associated infrastructure.

    The objective of the project is to increase the amount of locally produced renewable electricity in line with the National Energy and Climate Plan.

    Environmental aspects
    Procurement

    Wind farms fall under Annex II of the EIA-Directive (2011/92/EU), requiring the competent authorities to determine whether an EIAs are required. Given the size of the project and that it is composed of two separate parts, the competent authority has issued two decisions screening out the project from undergoing full EIA process. The Bank services will assess the authorization procedure, including screening decisions, project descriptions as well as terms and conditions of the environmental and building permits. Compliance with EU EIA, Birds and Habitats Directives will be further appraised in detail, in particular cumulative impacts and impacts on protected flora and fauna, including adjacent Natura 2000 sites.

    By the Commission Implementing Decision (EU) 2020/1500, Directive 2014/25/EU shall not apply to contracts awarded by contracting entities and intended to enable the production and wholesale of electricity produced from conventional sources and from renewable sources except production and wholesale of electricity from renewable sources subject to the first and second support scheme, to be carried out in Lithuania.

    Milestone
    Under appraisal
    Approved
    Signed
    7 April 2022
    14 December 2023
    Link to source

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    News & Stories

    General enquiries and comments

    The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
    Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
    Alternatively, the EIB can be contacted through its external offices.
    Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

    Media enquiries

    Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

    Complaints mechanism

    Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

    Zero tolerance against fraud and corruption

    The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

    Related publications