# Ignitis Group energy project developments > Live situation record from CLSTR: https://clstr.news/situations/ignitis-group-energy-project-developments > Updated: 2026-10-22T22:53:07.000Z. Sources: 4. Developments: 2. Ignitis Group has undertaken several financial and strategic maneuvers regarding its energy portfolio in the Baltic region. The company successfully issued €300 million in green bonds, which were oversubscribed by 3.3 times, to finance long-term assets and operating expenses. Simultaneously, the group is reassessing its large-scale infrastructure projects. It has requested that Lithuanian ministries postpone the implementation of the ‘Curonian Nord’ offshore wind farm due to changing circumstances. Further analysis indicates that the €3 billion, 700 MW offshore wind project faces a 27% increase in construction costs and a 40% decline in projected returns. The company is weighing options such as suspending development, seeking international partners, or proceeding at the expense of higher electricity tariffs. In Estonia, the group’s subsidiary, Ignitis Eesti, is planning a potential 200 MW gas-fired power plant in the Tartu region. This €200 million project is intended to serve as a system restoration reserve for grid outages while potentially participating in the electricity market. ## Timeline ### 2026-10-22: Ignitis Group evaluates gas plant in Estonia and offshore wind delay Ignitis Group is weighing a €200 million gas plant project in Estonia for grid stability while proposing a delay for its €3 billion Baltic offshore wind farm due to rising costs. 2 sources. https://clstr.news/cluster/ignitis-group-evaluates-gas-plant-in-estonia-and-offshore-wind-delay ### 2026-10-20: Ignitis Group issues €300 million in green bonds Ignitis Group issued €300 million in green bonds with 4.5% interest, attracting over €1 billion in orders. The group is also discussing delays and potential partnerships for its Curonian Nord offshore wind farm 2 sources. https://clstr.news/cluster/ignitis-group-issues-300-million-in-green-bonds --- Cite as: Ignitis Group energy project developments. CLSTR, https://clstr.news/situations/ignitis-group-energy-project-developments