Ignitis Group – a leading Baltic energy company – has secured a €60 million loan from the European Bank for Reconstruction and Development (EBRD) to power EV growth across the Baltics.
The investment will support the construction of up to 600 new electric vehicle (EV) charging stations across Lithuania, Latvia, and Estonia by the end of 2027.
The project marks a meaningful step forward in the Baltics’ transition to cleaner transport. With EBRD’s backing, the project will significantly expand charging infrastructure and support the broader adoption of electric vehicles in line with national climate goals and the EU’s decarbonisation agenda.
The TEGOS team – Sebastian Okinczyc and Samanta Sluoksnaitytė – provided targeted legal input to Ignitis Group on the transaction, including the review of the loan agreement and preparation of related documentation, contributing to the successful completion of the financing.
