Ellex advises EBRD on €60 million loan to Ignitis Group for EV charging infrastructure across the Baltics

Ellex has advised the European Bank for Reconstruction and Development (EBRD) on a €60 million loan to Ignitis Group, a leading Baltic energy company. 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.

This project is a significant milestone in advancing sustainable mobility in the Baltics. At present, the region still lags behind the EU average in terms of accessible EV infrastructure. EBRD’s support is set to boost the availability of charging points and promote wider adoption of electric vehicles in line with national climate strategies and the EU’s decarbonisation objectives.

Some of the charging stations will be located along the Trans-European Transport Network (TEN-T) corridors, helping the Baltic states integrate more fully into the EU’s cross-border infrastructure and contributing to key environmental goals under the European Green Deal.

Ellex advised EBRD on the legal aspects of the transaction. The team was led by partner Eglė Neverbickienė and senior associate Eglė Radvilaitė, who ensured the smooth execution of this strategically important deal.

Ellex is proud to contribute to initiatives that help shape a more sustainable future for the Baltic region.