An energy solutions company Ignitis and the Lithuanian electricity distribution system operator Litgrid signed a power purchase agreement (PPA) worth EUR 82.3 million (excluding VAT). The agreement was concluded on 19 June and will take effect starting from January 2026. Under the agreement, Litgrid will buy up to 160 GWh of electricity generated from renewable energy sources per year from Ignitis for a fixed and competitive price of EUR 74.5 per megawatt-hour.