AB Ignitis grupė (-IGN), the Lithuanian energy group, has announced that the Tume solar farm in Latvia has achieved its commercial operations date (COD), marking a significant milestone in the group's renewable energy expansion. The 173.6 MW project, developed by subsidiary UAB Ignitis Renewables across 302 hectares in Tukums municipality, is described as one of the largest solar energy projects in the Baltics. The announcement states that total investment in the Tume solar farm will amount to up to EUR 106 million, and the group's installed green capacity has now risen to 2.3 GW from 2.1 GW following this milestone.

Key Points

  • AB Ignitis grupė (-IGN) is a Lithuanian-headquartered energy group with renewable operations across the Baltic region
  • The 173.6 MW Tume solar farm in Tukums municipality, Latvia, has reached its commercial operations date
  • Total investment up to EUR 106 million; installed green capacity now stands at 2.3 GW, up from 2.1 GW
  • Investors may be watching progress on the adjacent 107.2 MW / 214.5 MWh Tume battery energy storage system, currently under construction

Tume Solar Farm Achieves COD with 282,000 Panels Across 302 Hectares in Tukums Municipality

The Tume solar farm, controlled through Ignitis Renewables, comprises more than 282,000 solar panels spread across 302 hectares in Latvia's Tukums municipality. The company states the facility is expected to meet the electricity demand of approximately 85,000 households, contributing directly to Latvia's local renewable electricity generation. The project represents a total investment of up to EUR 106 million, according to the announcement, and is positioned as one of the largest solar energy installations in the Baltic states, reinforcing Ignitis Group's strategic focus on expanding green capacity across the region.

Ignitis Group's Installed Green Capacity Rises to 2.3 GW Following Tume COD

With the Tume solar farm now commercially operational, the announcement states that Ignitis Group's total installed green capacity has increased to 2.3 GW, up from 2.1 GW prior to this milestone. This growth in operational renewable assets reflects the group's broader Strategic Plan 2026–2029, which sets out priorities for expanding green energy infrastructure across the Baltic and wider European markets. The company confirmed that the information disclosed in this announcement does not affect its Adjusted EBITDA and Investments guidance for 2026, providing reassurance on near-term financial forecasts.

107.2 MW Tume Battery Energy Storage System Under Construction to Complement Solar Farm

Alongside the now-operational solar farm, Ignitis Renewables is developing a 107.2 MW / 214.5 MWh battery energy storage system at the same Tume site. The BESS remains under construction and is intended to be integrated directly with the solar farm to enhance the project's overall efficiency and operational flexibility, according to the announcement. Investors may be watching the BESS construction timeline closely, as the combined solar and storage system would represent a more complete renewable energy asset and further support regional energy security objectives identified by the group.