The financing will enable Ignitis to build up to 600 EV charging stations across the region by the end of 2027, significantly expanding the currently limited network and helping the Baltic states meet their future energy and climate targets. Some stations will be located along the Trans-European Transport Network (TEN-T) corridors, contributing to the EU's transport decarbonization goals under the “Fit for 55” package and the European Green Deal.

At the loan signing in Vilnius, Matteo Patrone, EBRD Vice President for Banking, stated that the investment will help overcome one of the key barriers to EV adoption: the lack of accessible, reliable charging infrastructure. Ignitis CEO Darius Maikštėnas added that the company, after tripling its network size in 2024, will continue its expansion and aims to lead the region in fast-charging station development.

Ignitis, Lithuania's largest electricity supplier, is targeting a leadership position in public EV charging across the Baltics. The EBRD, a key investor since Ignitis' IPO in 2020, remains its second-largest shareholder. In total, the EBRD will have invested over €1.8 billion in Lithuania across 143 projects, maintaining a focus on sustainable infrastructure and the green transition.