Company details
| 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 |
| Shareholders: | AB „Ignitis grupė“ – 100% |
| Share capital: | EUR 37,621,910 |
Contact information
| Phone number: | +370 612 46715 |
| E-mail: | [email protected] |
| Web: | https://ignitisrenewables.com/lt/ |
Company governance
UAB „Ignitis renewables”
Ignitis Renewables is an international green energy company operating in the Baltics and Poland. It focuses on developing green generation and green flexibility technologies. By developing onshore and offshore wind, solar, battery and power-to-X technologies, the company is implementing Ignitis Group’s strategic priority to deliver 4–5 GW of installed green capacities by 2030.
You find more information about Ignitis Renewables on the company’s website here.
Ignitis Group companies are fully committed to build a sustainable future. You can read more about the Group's sustainability activities in the 2024 Sustainability (Corporate Social Responsibility) Report, which is part of the Group's annual report.
Ignitis Group Code of Ethics is based on the values of our organisation and defines the principles of ethical conduct for the Group's companies and employees. Our Code of Ethics can be found here.
How Ignitis Renewables handles personal data can be found here.
| Performance, EURm | Consolidated2 | Standalone |
|---|---|---|
| Revenue | 85.2 | 12.4 |
| Expenses | (46.2) | (26.0) |
| Adjusted EBITDA | 29.3 | (18.3) |
| Net profit | 4.6 | (13.5) |
| Investments | 416.7 | 50.1 |
| Assets | 1,659.5 | 1,341.5 |
| Equity | 256.1 | 213.3 |
| Liabilities | 1,403.4 | 1,128.2 |
| Number of employees | 276 | 172 |
Company details
| 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 |
| Shareholders: | AB „Ignitis grupė“ – 100% |
| Share capital: | EUR 37,621,910 |
Contact information
| Phone number: | +370 612 46715 |
| E-mail: | [email protected] |
| Web: | https://ignitisrenewables.com/lt/ |
Company governance
CEO
Gary Bills
Interim Chief Executive Officer
Interim Chief Executive Officer of Ignitis Renewables, who took on the role on 31 March 2025.
Management Board
Jonas Rimavičius
Chair of the Board, shareholder representative
Jonas Rimavičius is a Member of the Management Board of UAB “Ignitis renewables” and the Head of Group Finance and Investment at AB “Ignitis grupė”...
Vidmantas Salietis
Board Member, shareholder representative
Vidmantas Salietis is a member of the Management Board and Chief Commercial Officer at Ignitis Group.
Mr. Salietis, who has 7 years of executive experience, joined Ignitis Group in 2011. Since 1 February he holds the position of Chief Commercial Officer...
Peter Overgaard
Board Member, independent
Documents and Reports
Annual Reports
Remuneration
Performance objectives for variable remuneration
Profile of Board’s competences
Funds spent on publicity
Our purpose, strategy, priorities and targets
Integrated business model
Ignitis Group is a renewables-focused integrated utility, benefiting from the largest customer portfolio, energy storage facility and network in the Baltics. 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:
deliver 4–5 GW of installed green generation and green flexibility capacity by 2030;
expand a resilient and efficient network that enables electrification;
utilise and further expand our customer portfolio to enable the Green Capacities build-out;
contribute to the security of the energy system.
UAB “Ignitis renewables”, a part of the Green Capacities segment, plays a significant role in the integrated business model and strategy of Ignitis Group. The company's position within the Group’s structure is available here. More information about the integrated business model and strategic priorities of the company as well as targets by its business segments is available here.
Our purpose and strategy
Our purpose is to create a 100% green and secure energy ecosystem for current and future generations.
We are strengthening our contribution to Europe’s decarbonisation and energy security in the region while accelerating the energy transition and electrification in the Baltics and Poland. More information about the Group’s purpose and purpose-driven priorities is available here.
UAB “Ignitis renewables“ significantly contributes to the execution of the Group's strategy, is an integral part of the organisation and follows the Group’s strategy and stategic plan in its activities.
Strategic priorities and targets of the company
- Green Capacities segment’s priorities are available here. More information about its goals is provided in the integrated strategic plan of the Group.
- People. We are contributing to Ignitis Group’s purpose and strategic priorities by building a diverse team of energy smart people.
- Sustainability and ESG. As part of our strategy, we focus on reducing greenhouse gas emissions while following the science-based targets, promoting safety at work with a focus on TRIR and zero fatalities, taking care of the employee experience through initiatives related to well-being, education and growth, ensuring fair pay, promoting diversity and inclusion, encouraging diversity among top executives, and creating sustainable value through sustainable investments and returns.
Our values
We are a diverse team of energy smart people united by a common purpose. Our values (responsibility, partnership, openness and growth) unite, motivate and inspire us. They are available here.