Lithuanian energy company Ignitis has obtained a €60 million loan from the European Bank for Reconstruction and Development (EBRD) to fund the construction of up to 600 new fast-charging stations across Lithuania, Latvia, and Estonia by the end of 2027.
The loan, structured over a ten-year period, complements a grant of up to €3.78 million awarded under the European Union’s Connecting Europe Facility (CEF) via the Alternative Fuels Infrastructure Facility (AFIF) funding line. Total project costs are projected to reach approximately €76 million.
Ignitis’s subsidiary, Ignitis On, will oversee the deployment of the new charging infrastructure, though details on the allocation of charging stations across the three Baltic countries remain undisclosed. Information on the number of charging points per station or their technical charging capacity has also yet to be revealed. Part of the new infrastructure will be strategically positioned along the trans-European transport network (TEN-T) corridors.
Earlier this year, Ignitis On announced receipt of a €16 million AFIF grant to install 222 fast-charging stations along TEN-T routes within three years. It remains unclear whether these 222 stations are included in or separate from the newly funded 600-station expansion.
The fast-charging network operated by Ignitis has grown rapidly, estimated to have tripled in size during 2024 alone. By the end of the first quarter of 2025, Ignitis reported operating 1,286 charging points across the Baltic region.
This investment signals a strong commitment to accelerating electric vehicle adoption and improving regional charging infrastructure in the Baltic states.