Ignitis group is a renewables-focused integrated utility.
By developing a low-carbon generation portfolio with the focus on offshore wind, onshore hybrid, P2X & storage technologies while leveraging our integrated business model, we are enabling the green and flexible capacity build-out and are planning to deliver 4–5 GW of installed capacities by 2030.

We are strengthening our contribution to Europe’s decarbonisation and energy security in our region and targeting to reach net zero emissions by 2040–2050.

Our purpose is to create a 100% green and secure energy ecosystem for current and future generations.


We fulfil our purpose by leading the regional transition into a climate-neutral, secure and independent energy ecosystem and contributing to Europe’s decarbonisation by facilitating renewable energy flows from Northern to Central Europe (incl. Germany).

- By leading the regional transition in Lithuania and the Baltics, we strive to become one of the first 100% green energy systems in Europe.

- By energy ecosystem we mean the combination of the multiple interdependent parties involved in the generation, consumption, transformation and transportation of clean energy (including industry, transport and heating).



‎‎‎‏‏‎ ‎We are focusing on four purpose-driven priorities

Growing green capacities​



4–5 GW installed Green ​Generation capacity by 2030


Creating a flexible system that can operate on 100% green energy in ​the short, medium, and long term​


- Pumped-storage hydro:
1.0 GW in 2026​
- Batteries:​
commercial-scale by 2026​
- Power to X:
successful P2X pilot project, paving the way for commercial scale


‎ ‎

Utilising the integrated business model to enable green and flexible generation build-out​


Leveraging strong position ​in the Baltics:​
- The largest customer portfolio​
- The largest energy storage facility​
- The largest network​
- The largest energy hub


Maximising sustainable value​



Net zero by 2040–2050​

ESG leadership​

Taxonomy-aligned investments​

≥3% annual dividend growth

In 2023–2026 we are planning to invest EUR 2.2–2.8 billion. We plan to direct around 55% of the investments towards the development of green and flexible capacities in order to double the Green Generation installed capacity to 2.2–2.4 GW by 2026 compared to 1.2 GW in 2022. We are planning to direct around 45% of the investments towards the expansion of a resilient and efficient electricity distribution network.  We are also committed to maintaining our credit rating of ‘BBB’ and above over the 2023–2026 period. 

Over 85–90% of the investments over the 2023–2026 period will be sustainable and Taxonomy aligned. The sustainable share of adjusted EBITDA in 2026 will reach at least 75.0%. We are expecting the Group’s adjusted EBITDA in 2026 to be within the range of EUR 470–550 million compared to EUR 332.7 million in 2021 and EUR 469.3 million in 2022. Average adjusted ROCE level in 2023–2026 is expected to reach 6.5–7.5%.  

Our strategy also reiterates our commitment of 3% annual dividend growth, representing a dividend yield in 2023–2026 within the range of 6.3–6.9%. 

Business segment priorities and strategic targets for 2023-2026

Documents, videos
Strategy and strategic plan 2023 – 2026

To note: there are minor discrepancies between this version and the version that was published with the material event notification due minor technical corrections made after the announcement date.

Presentation of Ignitis Group updated strategy and strategic plan 2023–2026 (from 16:43)
Notification on material event
LTIP performance objectives
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 2022–2025

Strategic Plan 20212024

Strategic Plan 20202023