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Regarding agreement

24 Nov 2020 08:55

Regarding agreement

Regarding the agreement signed by Mažeikiai wind farm developer for the supply, construction and maintenance services

AB Ignitis Grupė (hereinafter – Ignitis Grupė) informs that on 23 November 2020 UAB VVP Investment (hereinafter – VVP Investment), a company controlled by its subsidiary company UAB Ignitis Renewables, signed an agreement (hereinafter – the agreement) with Nordex Energy SE & Co. KG regarding the turbine supply, construction and maintenance services. The services will be provided for the development of wind farm in Mažeikiai region (hereinafter – Mažeikiai wind farm) overseen by VVP Investment.

14 wind turbines will be installed in Mažeikiai wind farm with the total operational capacity of 63 MW. Construction is estimated to be completed before the end of 2022. According to the agreement, Nordex Energy SE & Co. KG will perform service and maintenance of the wind farm for 15 years after its construction.

Total cost of turbines, construction works as well as maintenance service agreement will amount to EUR 77.5m (excluding VAT).

The agreement was signed after the conclusion of the public procurement tender, during which the offers were evaluated in terms of price and other criteria such as: planned production of the wind farm, project implementation period, construction guarantee as well as evaluation of payment terms.

The developer of Mažeikiai wind farm, VVP Investment, is owned by the Group since the end of 2018. Total planned investments into this project amounts to over EUR 80m.

UAB Ignitis Renewables manages renewable sources projects in the Baltics and Poland and is responsible for the effectiveness of operational wind farms, supervision of farms under construction and their development. By implementing new wind and solar (green) energy projects, the company contributes to the strategic goals of Ignitis Grupė by increasing its green production portfolio.

Artūras Ketlerius, Head of Public Relations Tel. +370 620 76076 E-mail arturas.ketlerius@ignitis.lt 

Date   Source Headline
30th Dec 20222:30 pmGNWOn the ancillary services for ensuring isolated regime of the electricity system in 2023
29th Dec 20229:00 amGNWOn the signed agreement to acquire solar projects in development in Latvia
22nd Dec 20225:15 pmGNWIgnitis Group wind farm secured incentive tariff in Poland
22nd Dec 20224:15 pmGNWOn the tentative award of a Polish capacity mechanism auction for 2027 to Ignitis Gamyba
21st Dec 20222:55 pmGNWLithuanian Government passed additional resolutions regarding energy price compensations
15th Dec 202211:20 amGNWRegarding the impact of electricity price cap on Ignitis Group
15th Dec 20229:45 amGNWIgnitis Group received international recognition for its environmental efforts and related disclosures
14th Dec 20223:05 pmGNWLithuanian Government passed a resolution to extend the energy price compensations for consumers
25th Nov 20227:00 amGNWIgnitis Group acquires wind farm project in Lithuania
23rd Nov 20222:00 pmGNWA new CEO of AB “Energijos skirstymo operatorius” has been appointed
22nd Nov 20227:00 amGNWInterim report for the first nine months of 2022: strong Green Generation performance but ongoing challenges on net working capital
15th Nov 20227:00 amGNWIgnitis Group to present 9M 2022 results on 22 November
8th Nov 20227:00 amGNWIgnitis Group’s financial calendar 2023
25th Oct 20222:01 pmGNWRegarding the intention of AB “Ignitis grupė” to take credit line of EUR 120 million
18th Oct 20227:00 amGNWRegarding Networks segment income level of electricity distribution for 2023
30th Sep 20227:00 amGNWIgnitis Group acquires onshore wind farm project in Poland
29th Sep 202212:25 pmGNWResolutions of Extraordinary General Meeting of AB “Ignitis grupė“ shareholders
13th Sep 202210:20 amGNWUpdate: Regarding the supplementation of the agenda of the Extraordinary General Meeting of Shareholders of AB “Ignitis grupė” and draft resolutions on the items set out on the agenda
8th Sep 20222:01 pmGNWRegarding an opinion of AB “Ignitis grupė” Supervisory Board for the Extraordinary General Meeting of Shareholders
6th Sep 20222:05 pmGNWRegarding the intention of AB “Ignitis grupė” to take credit line of EUR 75 million
6th Sep 20222:01 pmGNWOn the signed agreement to acquire wind and solar project in development in Latvia
23rd Aug 20227:05 amGNWNotice on convening the Extraordinary General Meeting of Shareholders of AB “Ignitis grupė”
23rd Aug 20227:00 amGNWInterim report for the first half year of 2022: strong Green Generation performance but challenges on net working capital
18th Aug 20229:22 amGNWIgnitis Group refutes the public statements of a Parliament member about losses
17th Aug 20222:01 pmGNWOn the appointment of interim CEO of AB “Energijos skirstymo operatorius”
16th Aug 20222:01 pmGNWRegarding the intention of AB “Ignitis grupė” to take credit lines of EUR 224 million
16th Aug 20227:55 amGNWGovernance of AB “Ignitis grupė” subsidiaries is optimised
16th Aug 20227:00 amGNWIgnitis Group to present H1 2022 results on 23 August
9th Aug 20222:15 pmGNWInformation on the annulment of AB “Ignitis grupė” own ordinary registered shares
9th Aug 20222:15 pmGNWInformation on the completed reduction of AB “Ignitis grupė” share capital
9th Aug 20227:55 amGNWVilnius CHP received a favourable arbitration ruling in the case on biomass unit construction
15th Jul 20223:03 pmGNWThe Supreme Court of Lithuania accepted for consideration the cassation appeal regarding the price for ESO’s shares
14th Jul 20227:59 amGNWIgnitis Group secured grid connection capacity for 252 MW solar park in Lithuania
27th Jun 20227:00 amGNWOn the resignation of CEO of AB “Energijos skirstymo operatorius” Mindaugas Keizeris
9th Jun 20224:01 pmGNWOn compensation for increased energy prices for customers and on the approved prices of public supply of electricity and natural gas for private customers
2nd Jun 20222:05 pmGNWThe remaining stabilised securities of AB “Ignitis grupė” have been sold in the market
24th May 20222:20 pmGNWResolutions of Extraordinary General Meeting of AB “Ignitis grupė“ shareholders
19th May 20227:15 amGNWInterim report for the first quarter of 2022: growth driven by Green Generation
13th May 20227:55 amGNWOn the compensation for consumers due to increasing energy prices
12th May 20227:00 amGNWIgnitis Group to present Q1 2022 results on 19 May
3rd May 20222:10 pmGNWNotice on convening the Extraordinary General Meeting of Shareholders of AB “Ignitis grupė”
27th Apr 20222:15 pmGNWAB “Ignitis grupė” completed an acquisition of its own ordinary registered shares
26th Apr 20224:41 pmRNSSecond Price Monitoring Extn
26th Apr 20224:35 pmRNSPrice Monitoring Extension
22nd Apr 20222:10 pmGNWVilnius District Court dismissed the case on the incentive share options programme for employees of AB “Ignitis grupė”
13th Apr 20227:00 amGNWOn the decision of AB “Ignitis grupė” Management Board regarding the acquisition of own ordinary registered own shares
5th Apr 20224:20 pmGNWRegarding the intention of AB “Ignitis grupė” to conclude internal loan agreement of EUR 73 million with AB “Energijos skirstymo operatorius”
4th Apr 20222:00 pmGNWRegarding the plan of the government of the Republic of Lithuania to compensate consumers for the increase in energy commodity prices
30th Mar 202210:00 amGNWThe Court ruled that the price paid for ESO’s shares during the mandatory buyout is correct
29th Mar 20221:30 pmGNWResolutions of Ordinary General Meeting of AB “Ignitis grupė“ shareholders

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