MAZEIKIAI ONSHORE WIND GREEN ENERGY LOAN

Promoter – Financial Intermediary

AB IGNITIS GRUPE

Location

• Lithuania

Description

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

Objectives

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

Sector(s)

• Energy - Electricity, gas, steam and air conditioning supply

Proposed EIB finance (Approximate amount)

EUR 60 million

Total cost (Approximate amount)

EUR 85 million

Environmental aspects

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.

Procurement

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.

Status

Signed - 14/12/2023