Creating an Energy-Smart world

Our strategy places a priority on rapid renewables expansion and commitment to create a sustainable future. We target to reach 4 GW of installed green generation capacity by 2030 and are committed to reducing net carbon dioxide (CO2) emissions to zero by 2050.

We align our business targets with the United Nations’ Sustainable Development Goals (SDG), and ESG criteria are an integral part of our strategic goals with strong commitment to a more sustainable future. We target investments to ensure a reliable and flexible energy system. Enabling energy transition and evolution. Developing innovative solutions to make life easier for the energy smart.

Strategic plan 2022–2025

Our vision, mission and values

Nuotrauka
Mission, vision
Aprašymas

VISION

In our vision, we transform for a more sustainable world.

MISSION

In everything we do, we are united by the mission to make the world more energy smart.

VALUES

Each day we develop energy that works ever better, smarter and more conveniently. Our values unite, motivate and inspire us.

Responsibility

Responsibility

Care. Do. For Earth.
Starting with myself.
Partnerships

Partnerships

Diverse. Strong.
Together.
Openness

Openness

See. Understand. Share.
Open to the world.
Growth

Growth

Curious. Bold.
Everyday.

Our strategic priorities

Growing renewables


Growing renewables to meet regional energy commitments

Ensuring resilience, enabling transition

Ensuring resilience and flexibility of the energy system. Enabling energy transition and evolution

Capturing growth opportunities

Capturing growth opportunities and developing innovative solutions to make life easier and more energy smart

Creating a sustainable future


Becoming CO2 neutral. ESG principles driven

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In our strategy we focus on four key strategic priorities: create a sustainable future, grow green generation capacity, ensure resilience and flexibility of the energy system, capture growth opportunities.

In our strategy we focus on four key strategic priorities. First, we are creating a sustainable future. ESG criteria are an integral part of our strategic goals with strong commitment to a more sustainable future. We align our business targets with the United Nations’ Sustainable Development Goals and we are committed to reducing net carbon dioxide emissions to zero by 2050. We also strive to align our businesses with science-based targets to a 1.5°C-compliant business model. Second, we are ensuring resilience and flexibility of the energy system, as well as enabling energy transition and evolution. Third, we are growing renewables to meet regional energy commitments. We target to reach 4 GW of installed green generation capacity by 2030. Fourth, we are capturing growth opportunities and developing innovative solutions to make life easier for the energy smart.

Our focus is on the home markets – the Baltic countries, Poland. We also explore new opportunities in countries on the energy transition path.

We pursue our strategic priorities with a strong focus on financial discipline. Our engaged people, agile teams, learning culture, organisation with strong governance model and digital approach are the integral parts of our strategy.

Strategic directions by business segment

Green Generation

Focused, sustainable and profitable growth


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Networks

Resilient and efficient energy distribution enabling the energy transition

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Customers & Solutions

Innovative solutions for easier life and energy evolution


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Flexible Generation

Reliable and flexible power system


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Green Generation. Focused, sustainable and profitable growth:

  • We target to reach 4 GW of installed green generation capacity by 2030 while ensuring that the build-out creates value for our shareholders
  • Our operational 0.9 GW hydro-pumped storage plant with additional capacity expansion possibilities is fundamental for enabling future renewable energy growth in the region
  • We aim to partner with strategic investors to adopt new technologies and with financial investors to maximize our returns by utilizing asset rotation
  • We are pursuing onshore and offshore wind, waste-to-energy, biomass and solar technologies across the project lifecycle
  • Prudent investment framework with conservative hurdle rates

Networks. Resilient and efficient energy distribution enabling the energy transition:

  • We continuously invest country-wide to modernize our strategic assets used for electricity and natural gas distribution to ensure network resilience and efficiency for our business and residential customers
  • We digitise our distribution network and strive to develop a smart grid which would be one of the most advanced in the region
  • We enable energy innovations, renewable energy transition and facilitate the local energy market and its efficiency through data-driven network solutions

Customers & Solutions. Innovative solutions for easier life and energy evolution:

  • We scale our core energy supply business complementing it with innovative, value-added energy solutions
  • We innovate together with our partners to help our customers become more energy smart and contribute to their environmental goals
  • We enable industrial scale renewable energy expansion by helping to secure long-term offtake contracts and capitalizing on our competences in balancing services

Flexible Generation. Reliable and flexible power system:

  • We invest to ensure flexibility and high reliability of the Lithuanian energy system by providing reserve and ancillary services
  • We are phasing out/decommissioning old conventional energy generation capacities
  • We aim to contribute to the synchronization with the continental European network by providing new balancing services
  • We develop additional flexible generation capacities provided they are required to balance renewable energy growth and secure required level of adequacy in the Lithuanian energy system

Our goals

Financial

 

Business

                                     

Adjusted EBITDA, 2025
of which a sustainable share, 2025

Adjusted EBITDA growth 2025 vs. 2021

370–410 EURm
70%
+11–23%

Green generation installed capacity:
– 2025
– 2030


2.0–2.2 GW
4.0 GW

Average ROCE, 20222025

5.5–6.5% 

Science-based emissions reduction (to align with 1,5 °C scenario alongside an explicit net zero-by-2050 commitment):
– 2025 vs 2020
– 2030 vs 2020

 

(23%)
(47%)


Dividend policy
 

minimum 3% annual grow rate
 

Safety at work:
– Fatal accidents of own employees and contractors
, 2025
–  Total recordable injury rate (TRIR) of own employees, 2025

0

<1.90

Minimum DPS1, 2025 1.35 EUR

Engaged employees, diverse and inclusive workplace:
– Employee Net promoter score
, 20222025
– Share of women in top management, 2025

>50%
≥34%

Dividend yield1, 20222025 6.0–6.6% Electricity SAIFI2: average 2022–2026
≤ 1.06

Total CAPEX, 2022–2025
– of which a sustainable share
, 2022–2025

1.7–2.0 EURbn
>90%

Network digitalisation: # of smart meters in 2025

1.1–1.2 million

Net Debt/Adjusted EBITDA, 2022–2025

<5x

Market position in ancillary services in Lithuania, 2022–2025

#1

Solid investment-grade rating (S&P), 2022–2025

'BBB' or above

Green electricity share in our supply portfolio, 2025

>50%

1 Minimum dividend per share is calculated based on the No. of shares (73,040,514 ordinary registered shares). Dividend yield is calculated based on the Ignitis group share price: 20.5 €/sh.  2 Calculated based on the National Energy Regulatory Council methodology, excluding (1) interruptions due to natural phenomena corresponding to the values of natural, catastrophic meteorological and hydrological phenomena indicators; (2) interruptions due to failures in the network of the transmission system operator. 

Previous strategic plans

To ensure strategy implementation, on a yearly basis, we announced a strategic plan with targets and KPIs set for the next 4-year period. Previous strategic plans are available here:

Strategic Plan 20212024    Strategic Plan 20202023