Integrated Business Model
Renewables-focused integrated utility
Our approach
Ignitis Group is active in the Baltic states, Poland and Finland. We are leveraging our largest customer portfolio, energy storage facility, and network in the Baltics. We are utilising our integrated business model to maximise potential and:
– Delivering 4–5 GW of installed green generation and green flexibility capacity by 2030
– Expanding a resilient and efficient network that enables electrification
– Utilising and further expanding our customer portfolio to enable the Green Capacities build-out
– Contributing to the security of the energy system
Integrated business model
Adjusted EBITDA 2024
527.9
EURm
Green Capacities
Installed capacity: 1.4 GW
Pipeline: 7.0 GW
Total portfolio: 8.4 GW
Strategic focus
Delivering 4-5 GW of installed green generation and green flexibility capacity
by 2030
#1 in Lithuania1
#2 in the Baltics1
Customers & Solutions
The largest customer portfolio in the Baltics: 1.4 million customers
Strategic focus
Utilising and further expanding customer portfolio to enable Green Generation
build-out
#1 in the Baltics3
Networks
Fully regulated country-wide natural monopoly
Regulated asset base (RAB):
EUR 1.8 billion
Strategic focus
Expanding a resilient and efficient network that enables electrification
#1 in the Baltics2
Reserve Capacities
Highly regulated gas-fired power plants mainly operating as system reserve
Strategic focus
Contributing to the security of the
energy system
#1 in Lithuania1
#2 in the Baltics1
1. Based on Installed Capacity.
2. Based on the network size and the number of customers.
3. Based on the number of customers.
Note: data as of 31 March 2025, except Adjusted EBITDA, which is provided for 2024,
and Networks RAB, which is provided for 2025, as approved by the regulator (NERC).
Other activities and eliminations comprise (1%) of 2024 Adjusted EBITDA.
Strategic priorities by business segments
Ignitis Group is a renewables-focused integrated utility with a purpose to create a 100% green and secure energy ecosystem for current and future generations. Each of our four business segments is an important part of our integrated model and positioned to significantly contribute.
Renewables-
Focused
Integrated
Utility
Green Capacities
Strategic priorities:
Delivering 4–5 GW of installed green generation and green flexibility capacity by 2030 with a focus on:
– onshore and offshore wind
– batteries, pumped-storage hydro and power-to-X
Customers & Solutions
Strategic priorities:
– Utilising and further expanding customer portfolio to enable Green Capacities build-out
– Building a leading EV charging network in the Baltics
– Contributing to the transition away from fossil fuels
Networks
Strategic priorities:
– Resilient and efficient electricity distribution
– Electricity network expansion and
facilitation of the energy market
– End-to-end customer experience
Reserve Capacities
Strategic priorities:
– Contributing to the security of the energy system
Our focus is on the markets we are active in – the Baltic states, Poland and Finland. We are also exploring opportunities in other EU markets undergoing energy transition.
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Our purpose
Our purpose is to create a 100% green and secure energy ecosystem for current and future generations
Strategic plan
We continue to focus on delivering green generation and flexibility projects, with significant milestones already achieved.
Our values
Our values unite, motivate and inspire us: responsibility, partnership, openness and growth