strategic focus on green flexibility, networks and value-over-volume approach

AB “Ignitis grupė” (hereinafter – the Group) publishes its Strategic Plan 2026–2029, which is attached to this notice. The Group continues to implement its ambitious strategy with the purpose to create a 100% secure and green energy ecosystem and to strengthen regional energy transition, which contributes to competitiveness and economic growth. We secure local, reliable energy to support household well-being, enhance business competitiveness and attract energy-intensive industries.

Strategic plan overview

Over the past three years, we have delivered strong strategic growth, nearly doubling Installed Green Capacities from 1.2 GW to 2.1 GW and increasing onshore wind and solar capacity 4.4 times to reach 1.0 GW.

The Group is entering a new stage of energy transition, shifting from rapid capacity build-out to a value-over-volume approach. Over the 2026–2029 period, we will put our strategic focus on green flexibility and Networks that enable electrification and resilience. Data centres will be a new opportunity for growth to utilise new market opportunities.

The Group’s target is to reach 2.8–3.2 GW of Installed Green Capacities by 2029, with green flexibility capacity already accounting for half of Ignitis Group’s 2.7 GW Green Capacities Portfolio (Installed and Under Construction). By developing green generation and flexibility in line with market demand and system needs, we aim to achieve our strategic goal of 4–5 GW and deliver disciplined, value-creating decarbonisation that drives business value. 

Financial targets

In 2026–2029, we plan to invest EUR 2.5–3.0 billion. We will direct around 55% of total Investments (EUR 1.4–1.6 billion) towards the expansion of a resilient and efficient electricity distribution network that enables electrification and is one of the key components of successful energy transition and security.

We will direct around 40% of total Investments (EUR 1.0–1.2 billion) towards further development of green generation and green flexibility technologies to increase Installed Green Capacities to 2.8–3.2 GW by 2029, compared to 2.1 GW in 2025. All Investments will be made based on a selective approach.

According to the Strategic Plan, our focused Investments and operational efficiency with a sustainable 10% cost reduction in real terms should translate into Adjusted EBITDA within the range of EUR 640–700 million and Adjusted Net Profit within the range of EUR 250–290 million at the end of 2029, and an average Adjusted ROCE at the level of 6.5–7.5% over the 2026–2029 period. We target to maintain our credit rating of ‘BBB’ and above over the 2026–2029 period, supported by disciplined financial management.

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