EIB completes €250 million backing for Baltic's largest wind farm
Lithuania, June 17 -- The European Investment Bank (EIB) has completed its financing for the Kelm? wind farm in Lithuania - the largest operating wind site in the Baltic region - with an additional loan of €150 million to Ignitis Group.The new financing brings the EIB's total support for the project to €250 million, representing almost half of a €550 million flagship investment that is reshaping Lithuania's energy landscape. The EIB last year provided an initial loan of €100 million for the Kelm? wind farm. With an installed capacity of 314 megawatts (MW), the Kelm? wind farm, developed by Ignitis Renewables, reached full commercial operation in June 2025. It generates enough electricity to power 250,000 Lithuanian h...
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