Strategic Plan

2026–2029

 

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Executive summary

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.

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.  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. 

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. 

Ignitis Group expects adjusted EPS of 3.5–4.0 EUR in 2029. The Group has also reconfirmed the DPS floor for the strategic period, with at least EUR 1.54 dividend per share for 2029. This implies an estimated dividend yield of 7.2% for 2029. 

Our targets

Strategic financial guidance​

Total Investments, 2026–20292.5–3.0 EURbn

Addressable cost reduction in real terms: from 2025 base-10%

Adjusted EBITDA, 2029640–700 EURm

Adjusted Net Profit, 2029250–290 EURm

Average ROCE, 2026–20296.5–7.5%

Net Debt/Adjusted EBITDA, 2026–20293-4x

FFO/Net Debt, 2026–2029≥23%

Investment–grade rating, 2026–2029BBB or above

Dividend policy≥3% annual growth rate
−Adjusted EPS, 2029
EUR 3.5–4.0
−DPS floor, 2029
EUR ≥1.54
−Dividend yield, 2029
7.2%

Our strategic performance KPIs

Installed Green Capacities:
− Target for 2029
2.8–3.2 GW
− Strategic goal
4.0–5.0 GW

Average availability of Reserve Capacities, 2026–2029>98%

Electricity SAIFI1, in 2029≤0.91

Safety at work, 2029:
− fatal accidents of own employees and contractors0
− TRIR of own employees
− TRIR of contractors
≤0.8
≤1.0

Leadership in customer experience:
−Transactional NPS Networks2
≥65
−Transactional NPS C&S2
≥65

Engaged employees: 
− employee Net Promoter Score (eNPS), 2026–2029
≥60

Diversity in top management: 
− share of women in top management, 2029≥35%

Carbon intensity reduction:
− carbon intensity of Scope 1 & 2 GHG emissions, 2029 (reducing by ~14% vs. 2025)
180 g CO2-eq/kWh

 

1​ Assessed according to the principles used during the determination of the level and the NERC methodology in force according to which the following cases are excluded from SAIFI: (1) outages caused by natural phenomena corresponding to the values of indicators of natural, catastrophic meteorological and hydrological phenomena – wind speed >28 m/s and by eliminating interruptions all country wise; (2) outages caused by faults in the transmission system operator's network.

2 Calculated as the average of Transactional NPS B2C and NPS B2B.

 

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