A smart energy solutions company, Ignitis, will supply electricity generated by a wind farm in Mažeikiai to one of the largest industrial companies and electricity consumers in Lithuania, Akmenės Cementas. Ignitis and Akmenės Cementas, a Lithuanian cement producer owned by a German building materials producer, Schwenk Zement Beteiligungen, signed a 4-year power purchase agreement (PPA). Ignitis will start supplying electricity according to the agreement in 2026.

So far, this is the largest over-the-counter (OTC) PPA Ignitis has ever signed in Lithuania.