In This Article:
AB “Ignitis grupė” (hereinafter – the Group) publishes its Strategic Plan 2025–2028, which is attached to this notice. The Group remains committed to executing its ambitious strategy with the purpose to create a 100% green and secure energy ecosystem for current and future generations.
We are continuing to expand the Group’s Green Capacities Portfolio to reach 4–5 GW of installed Green Capacities by 2030, thus strengthening the energy security and contributing to the surplus green energy production in the region. In the Networks segment, we are expanding and maintaining the electricity grid to facilitate green transition.
Highlights of the strategic plan
We target to double the installed Green Capacities, reaching a total of 2.6–3.0 GW in 2028 compared to 1.4 GW in 2024. Currently, the Group’s Green Capacities Portfolio amounts to 8.4 GW, of which 3.1 GW is Secured Capacity. We focus on the development of green generation and green flexibility technologies – onshore and offshore wind, batteries, pumped-storage hydro and power-to-x.
To enable the Green Capacities build-out, we utilise and further expand our customer base to ensure electricity offtake. Expanding the electricity supply portfolio in the countries we are active in should lead to a significant increase in the amount of supplied electricity by the Group, from 6.7 TWh in 2024 to 9.0–11.0 TWh by 2028. Also, the Group continues to build a leading EV fast-charging network, being the first-choice provider of charging solutions in the Baltics for home and business customers.
In the Networks segment, we are focusing on ensuring resilient and efficient electricity distribution and electricity network expansion to facilitate the energy market. And through the Reserve Capacities segment, we ensure the reliability and security of the power system.
Financial targets
In 2025–2028, we plan to invest EUR 3.0–4.0 billion with over 85–90% of the Investments to be aligned with the EU Taxonomy.
We plan to direct around 59% of the Investments (EUR 1.7–2.4 billion) to further develop Green Capacities. More than half of the Investments in Green Capacities over the 2025–2028 period relate to new installed Green Capacities additions after 2028.
The second largest portion, around 36%, of the Investments (EUR 1.2–1.3 billion) is to be directed towards the expansion and maintenance of a resilient and efficient electricity distribution network, which is one of the key elements of a successful energy transition.
The Investments should translate into EUR 600–680 million Adjusted EBITDA in 2028, up from EUR 527.9 million in 2024. We aim to achieve a sustainable share of Adjusted EBITDA of at least 70–75% by 2028. The average Adjusted ROCE is expected to be within 6.5–7.5% in 2025–2028.
We target to maintain our credit rating of ‘BBB’ and above over the 2025–2028 period, supported by disciplined financial management. We will continue our investment program while maintaining the Net Debt to Adjusted EBITDA ratio below 5 times.