Lithuanian wind farm output committed to fertiliser plant

The Nordic Investment Bank (NIB) and UAB LT Energija – a subsidiary established to develop and operate the project – have signed a €100 million loan for the 264MW Pagėgiai . 

The 21-year maturity loan will finance the installation of 40 Nordex Delta4000 series N163/6.X wind turbines, as well as the associated civil and electrical infrastructure.

All the electricity generated by the new wind farm will be purchased by AB Achema, the largest producer of fertilisers in the Baltics.

The company plans to use renewable energy to produce green hydrogen, which will be further utilised to produce green ammonia.

Currently, Achema’s two ammonia production units represent around 80% of the company’s total carbon emissions. By substituting part of the natural gas consumption with renewable electricity, the company expects to significantly cut emissions.

The Pagėgiai wind farm will increase Lithuania’s energy generation capacity by around 15%. The country currently imports the majority of the power it uses.

At an estimated cost of €460 million, the project is expected to start commercial operations in the third quarter of 2026.

The European Union will support the loan with €43.45 million under the NIB’s InvestEU framework operation on the clean energy transition. 

“This loan is in line with both our mandates – to improve productivity and benefit the environment,” said André Küüsvek, NIB president and chief executive, adding that the deal will help Lithuania build up its renewable energy capabilities and have a positive impact on the entire region.

Lidija Lubienė, chair of the board of Achema Group, said the project was “a very significant step forward” both for her company and for Lithuania’s renewable energy goals.

The Pagėgiai wind farm is being developed by UAB Renerga, the Achema Group-owned renewable energy company.