Company details
| Company code: | 40203380662 |
| VAT identification number: | LV40203380662 |
| Head office: | Gustava Zemgala St. 74A, Rīga, Latvia |
| Correspondence address: | Gustava Zemgala St. 74A, Rīga, Latvia |
| Incorporation date and register: | 16 February 2022, The Register of Enterprises of the Republic of Latvia |
| Shareholders: | UAB „Ignitis renewables“ – 100 % |
| Share capital: | EUR 4,225,000 |
Contact information
| E-mail: | [email protected] |
| Web: | www.ignitisgrupe.lt |
Company governance
Ignitis renewables Latvia SIA
The purpose and objective of the company’s Ignitis Renewables Latvia SIA are to develop renewable energy projects, generate electricity, and commercially exploit, manage, and construct the necessary equipment and infrastructure.
Ignitis Group companies are fully committed to build a sustainable future. You can read more about the Group's sustainability activities in the 2025 Sustainability (Corporate Social Responsibility) Report, which is part of the Group's annual report.
The Code of Ethics of Ignitis Group is based on the values of our organisation and describes the code of conduct to be followed by the Group companies and employees. You can find the Code of Ethics here.
| Performance, EURm | |
|---|---|
| Revenue | 3.8 |
| Expenses | (5.8) |
| Adjusted EBITDA | (2.0) |
| Net profit | (2.5) |
| Investments | 0.3 |
| Assets | 3.4 |
| Equity | 0.0 |
| Liabilities | 3.4 |
| Number of employees | 64 |
Company details
| Company code: | 40203380662 |
| VAT identification number: | LV40203380662 |
| Head office: | Gustava Zemgala St. 74A, Rīga, Latvia |
| Correspondence address: | Gustava Zemgala St. 74A, Rīga, Latvia |
| Incorporation date and register: | 16 February 2022, The Register of Enterprises of the Republic of Latvia |
| Shareholders: | UAB „Ignitis renewables“ – 100 % |
| Share capital: | EUR 4,225,000 |
Contact information
| E-mail: | [email protected] |
| Web: | www.ignitisgrupe.lt |
Company governance
Documents and Reports
Remuneration
In accordance with applicable regulations and personal data protection principles, average salary data will not be disclosed if a company or a job category has only one employee.
Our purpose and strategy, priorities and targets
Integrated business model
Ignitis Group is a leading integrated energy group in the Baltic region. We lead the regional energy transition to strengthen competitiveness and support economic growth.
Ignitis Group is active in the Baltic states, Poland and Finland. Our integrated business model enables synergies and new business models, supported by our strong position in the Baltics - benefiting from the largest network, energy storage capacity, and customer portfolio in the Baltics.
We are utilising our integrated business model to maximise value:
- Developing and operating green generation and flexibility assets in line with market demand and system needs and progressing toward our 4–5 GW strategic goal
- Building a resilient and efficient network that enables electrification
- Contributing to the security of the energy system
- Delivering value driven growth through outstanding customer experience
Ignitis renewables Latvia SIA is an important part of the Ignitis Group’s integrated business model and strategy; while it is not classified as one of the main business segments, its activities and expertise contribute to the operations of the main business segments. 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% secure and green energy ecosystem for current and future generations. We lead the regional energy transition to strengthen competitiveness and support economic growth. By securing local, reliable energy, we strengthen regional competitiveness and economic growth, support household well being, enhance business competitiveness, and attract energy intensive industries. More information about the Group’s purpose and purpose-driven priorities is available here.
Ignitis renewables Latvia 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
1. Green Capacities segment’s priorities are available here. More information is provided in the integrated strategic plan of the Group.
2. People and innovation. We are purpose-driven people who contribute to our strategic priorities. We innovate to create the future energy sector and bring new opportunities for our customers.
3. Sustainability. Decarbonisation that drives business value and ensures energy security: reducing carbon intensity under 2026–2029 targets while safeguarding reliable operation of the power system and balancing needs. We are strengthening regional competitiveness in the long term by reducing the carbon intensity of the grid. Our strategic priorities: decarbonisation, safety, employee experience, diversity, customer experience and sustainable value creation.
Our mindsets
We are a diverse team of energy smart people united by a common purpose. 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.
Anti‑corruption
The company follows the Ignitis Group Anti‑corruption policy, Group Code of Ethics and Conduct, and business ethics principles. We operate responsibly and transparently – we do not tolerate any form of corruption and promote fair business practices and open communication with stakeholders. We provide secure reporting channels through the Trust line, which enables anonymous and confidential reporting of potential misconduct by employees or business partners.