Ignitis Group’s ambitious Strategic Plan 2026–2029: strategic focus on green flexibility, networks and value-over-volume approach

• Investments: EUR 2.5–3.0 billion over the 2026–2029 period.
• Around 55% of the investments (EUR 1.4–1.6 billion) will be directed towards the expansion of a resilient and efficient electricity distribution network.
• Dividend per share (DPS) floor reconfirmed for the 2026–2029 strategic period.
• 3M 2026 results showed solid performance.
• The Group has completed its debut asset rotation transaction.

Ignitis Group, a leading integrated energy group in the Baltic region, is continuing to implement its strategy with a purpose to create a 100% secure and green energy ecosystem that leads the regional energy transition, strengthens competitiveness and supports economic growth. 

The Group announced its Strategic Plan 2026–2029 with a strategic focus on green flexibility and networks while adopting a value-over-volume approach. The Group aims to secure local, reliable energy to support household well‑being, enhance business competitiveness and attract energy‑intensive industries. 

“For several years, our primary objective was to develop renewable energy projects at an intense pace while simultaneously reducing dependence on imports. Over the last three years, we increased our installed green capacities from 1.2 GW to 2.1 GW. Over the 2026–2029 period, we put our strategic focus on green flexibility and networks while adopting a value-over-volume approach. We will continue to develop projects with a priority on the most efficient and attractive ones. At the same time, we will place even greater emphasis on energy storage and flexibility solutions, as well as on the grid by increasing network resilience and meeting new electrification needs,” says Darius Maikštėnas, CEO of Ignitis Group.

Green flexibility capacities make up half of Ignitis Group’s 2.7 GW green capacities portfolio (installed and under construction), and the Group’s target is to reach 2.8–3.2 GW of installed capacity by 2029. The company’s strategic goal for the future is to deliver 4–5 GW of green capacities. By developing green generation and flexibility capacity that meets market demand and system needs, the Group delivers disciplined and value-creating decarbonisation. Data centres are a new opportunity of growth for Ignitis Group as the company aims to utilise new market opportunities. 

In 2026–2029, the Group plans to invest EUR 2.5–3.0 billion. Around 55 of the total investments (EUR 1.4–1.6 billion) will be directed towards the expansion of a resilient and efficient electricity distribution network that enables electrification and is one of the key components in having a successful energy transition and security. 

Around 40% of the total investments (EUR 1.0–1.2 billion) will be directed towards further development of green generation and green flexibility technologies to increase the installed green capacities to 2.8–3.2 GW by 2029 compared to 2.1 GW in 2025. All investments will be done based on selective approach.

The Group’s Strategic Plan includes decarbonisation priorities that drive business value and ensure energy security. The Group aims to reduce the carbon intensity of the Group’s scope 1 and 2 greenhouse gas emissions (to 180 g CO₂-eq/kWh by 2029, a reduction of 14% compared to 2025) while safeguarding reliable operation of the power system and balancing needs. 

Other plans of Ignitis Group include value-driven portfolio growth through outstanding customer experience. The Group will deliver an outstanding customer experience through reliable smart energy solutions and building a leading EV charging platform in the Baltics. 

According to its Strategic Plan, the Group is focused on investments and operational efficiency with a sustainable 10% cost reduction in real terms, which 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. The Group targets to maintain its credit rating of ‘BBB’ and above over the 2026–2029 period, supported by disciplined financial management.

Ignitis Group expects adjusted EPS of EUR 3.5–4.0 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.

In 3M 2026, Ignitis Group reported solid performance and closed its debut asset rotation transaction

Ignitis Group published its First three months 2026 interim report and announced that its adjusted EBITDA amounted to EUR 192.2 million (+2% YoY). The growth was driven by the stronger performance of the Networks and Customers and Solutions business segments.

In first three months 2026, Ignitis Group’s investments amounted to EUR 156.9 million (+7.1% YoY). The increase in investments was driven by higher investments in the Networks business segment, primarily related to the expansion of the electricity distribution network, and was partly offset by lower investments in the Green Capacities segment, which amounted to EUR 39.1 million, as six projects reached COD in 2025. In first three months 2026, investments in Networks grew by 45.3% to EUR 110.8 million, accounting for 70.6% of the total investments, in Green Capacities – 24.9%. The company’s installed capacity stands at 2.1 GW, with additional 0.6 GW under construction. 

Most notably, Ignitis Group successfully closed its debut asset rotation program transaction. On 30 March 2026, following the approval of the Annual General Meeting of Shareholders, held on 25 March 2026, the regulatory approvals from Lithuanian and Latvian authorities and the implementation of other closing conditions, the Group completed the sale of the 49% stake in Vilnius Combined Heat and Power Plant to Quaero Capital. 

This is one of the largest foreign direct investments in Lithuania over the last few years. The capital raised during this transaction will contribute to further the development of the Green Capacities and Networks segments and will have a positive impact on the Group’s leverage metrics. This transaction also ensures compliance with the European Commission’s decision related to the EUR 138 million support received for the project.

Ensuring the health and safety of the employees and contractors is one of the most fundamental priorities of the Group. However, in February 2026, a contractor employee was fatally injured during work. The Group is committed to take every possible measure to prevent such tragedies in the future. 

The Group’s carbon intensity (scope 1 & 2) amounted to 214 g CO2-eq/kWh (-12.8% YoY). The decrease was driven by lower electricity generation from natural gas at Elektrėnai Complex.

In line with the Group Dividend Policy, a dividend of EUR 0.683 per share (+3.0% YoY), corresponding to EUR 49.4 million, was paid for the second half of 2025. 

The Group reiterates its full-year 2026 adjusted EBITDA guidance of EUR 550–600 million and investments guidance of EUR 590–690 million.