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, 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.
Ignitis renewables Latvia 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.
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
- 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.
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.