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.
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