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63 MW Mažeikiai wind farm in Lithuania has reached commercial operation date

63 MW Mažeikiai wind farm in Lithuania has reached commercial operation date
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Regarding AB Ignitis grupė issue of guarantee to fulfil obligations of its owned company UAB VVP Investment London Stock Exchange:IGN

Lithuanian We inform that on 17 February 2021 the Board of AB “Ignitis grupė” (hereinafter – Company) approved to issue a guarantee to Nordex Lithuania GmbH of up to 55.097m euros (hereinafter – Guarantee). The Guarantee will guarantee that UAB “VVP Investment” (hereinafter – VVP), controlled by UAB “Ignitis renewables”, which is a subsidiary of the Company, will fulfil the obligations according to the 23 November 2020 agreement between VVP and Nordex Energy SE & Co. KG for wind turbine supply, construction and maintenance services provided for Mažeikiai wind farm (hereinafter – the Agreement) (more information here).  It must be noted that VVP, Nordex Energy SE & Co. KG and Nordex Lithuania GmbH concluded an agreement according to which Nordex Lithuania GmbH took over rights and obligations from Nordex Energy SE & Co.KG according to the Agreement from 12 January 2021.

Investegate |AB Ignitis grupė Announcements | AB Ignitis grupė : Regarding AB Ignitis grupė issue of guarantee

A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient: 1. Obtains access to the information in a personal capacity; 2. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services; 3. Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body; 4. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;

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