Company details
| Company code: | 40203421195 |
| VAT identification number: | LV40203421195 |
| Head office: | Gustava Zemgala gatve 74A, Rīga, Latvia |
| Correspondence address: | Gustava Zemgala gatve 74A, Rīga, Latvia |
| Establishment date and register: | August 19 2022, Latvian Register of Legal Entities |
| Shareholders: | UAB “Ignitis renewables“ – 100 % |
| Share capital: | 77,784 EUR |
Contact information
Company governance
IGN RES DEV3 SIA
Development of renewable energy projects
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.
| Performance, EURm | |
|---|---|
| Revenue | - |
| Expenses | (0.0) |
| Adjusted EBITDA | (0.0) |
| Net profit | (0.0) |
| Investments | - |
| Assets | 0.1 |
| Equity | 0.1 |
| Liabilities | - |
| Number of employees | 01 |
1There was no employment contract. A company is represented by elected board member.
Company details
| Company code: | 40203421195 |
| VAT identification number: | LV40203421195 |
| Head office: | Gustava Zemgala gatve 74A, Rīga, Latvia |
| Correspondence address: | Gustava Zemgala gatve 74A, Rīga, Latvia |
| Establishment date and register: | August 19 2022, Latvian Register of Legal Entities |
| Shareholders: | UAB “Ignitis renewables“ – 100 % |
| Share capital: | 77,784 EUR |
Contact information
Company governance
Documents and Reports
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.
IGN RES DEV3 SIA, 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.
IGN RES DEV3 SIA 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.
Power to act comes from the charge we bring
Four mindsets – simple yet powerful. United by purpose. Owning the challenge. Passion for reinvention. Pursuing excellence. Together, they yield the energy that drives everything we do. The energy generated by our choices. Our actions. Our unity.