Ignitis renewables UAB

“Ignitis renewables“ UAB

Company code: 304988904
VAT identification number: LT100012186012
Head office: Laisvės pr. 10, LT-04215 Vilnius, Lithuania
Correspondence address: Laisvės pr. 10, LT-04215 Vilnius, Lithuania
Establishment date and register: 14 January 2019, Lithuanian Register of Legal Entities
Bank account:  LT747300010157401012
Bank: Swedbank, AB
Tel.: +370 5 278 2222
E-mail: [email protected]
Web: https://ignitisrenewables.com

Ignitis Grupė AB – 100%

Share capital:
EUR 41,021,910

Articles of association:

Ignitis Renewables owns renewable energy projects in the Baltic States and Poland and also is in charge of operation, supervision and development of wind farms. Development of new wind and solar energy projects is compatible with the strategic goal of the Group – increase of portfolio of green generation assets.

More information about Ignitis Renewables projects you can find here.

Ignitis Group companies seek to develop responsible and sustainable business culture. You can read more about the Group's sustainability activities in 2022 in the Sustainability Report, which is part of the Group's annual report.

Key financial indicators 2023 (EUR million):


Revenue: 47.9
Expenses: (26.7)
Adjusted EBITDA: 22.0
Net profit: 7.5
Investments: 513.9
Assets: 1,195.9
Equity: 231.3
Liabilities: 964.6

Stand alone
Revenue: 3.2
Expenses: (13.8)
Adjusted EBITDA: (10.6)
Net profit: (9.6)
Investments: 123.3
Assets: 982.9
Equity: 208.2
Liabilities: 774.7

Number of employees
(as of 31 December 2022):



Stand alone

Investuotojų blokelis
Laisvai įvedamas tekstas

Ignitis Renewables is part of Ignitis group companies. Therefore in its activities follows the general strategy of the Group


Our vision, mission and values
Our purpose and values
Laisvai įvedamas tekstas

Ignitis Group's purpose is to create a 100% green and secure energy ecosystem for current and future generations.

Our values unite, motivate and inspire us: responsibility, partnership, openness and growth.

We are a diverse team of energy smart people united by a common purpose to create a 100% green and secure energy ecosystem for current and future generations.

Laisvai įvedamas tekstas

Ignitis Group is committed to acting in a responsible and harmonious manner, thus it does not tolerate any form of corruption in its daily activities, and advocates fair business and transparent communication with all interested parties.

Prevention of corruption

Thierry Michel W Aelens
Thierry Michel W Aelens
Chief Executive Officer
Jonas Rimavičius
Jonas Rimavičius
Chairman of the Board, “Ignitis grupė” AB Head of Group Corporate Finance
Vidmantas Salietis
Vidmantas Salietis
Member of the Management Board and Chief Commercial Officer at Ignitis Group
Peter Overgaard
Peter Overgaard
Member of the Board