EGEF aims to make sustainable investments that contribute to climate change mitigation. Investment targets include renewable energy (solar, wind, hydro, and hybrid) plants in the European Union, technologies related to energy capture and storage, specialised bio-energy plants that convert the energy released by biochemical processes into heat and electricity, geothermal power plants and technologies that use hot water from the ground to generate heat and electricity. The fund will aim to invest at least 80% of its net asset value in environmentally sustainable economic activities.
The plots on Pilkalnio Street are located in the western part of Pilaitė, in a quiet area close to Lake Gelūžė. According to the detailed plan, the plots are planned to be used for the construction of economy class apartment houses.