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Public Investment Development Agency (VIPA) and European Energy Efficiency Fund (eeef) invested in a limited partnership “Tvariųjų Išteklių Plėtros Skatinimas” (TIPS) (English: Promoting Sustainable Resource Development).

The aim of TIPS is to ensure efficient energy consumption, promote the development of green energy and contribute to the creation of a sustainable and modern economy in Lithuania.

The main objective of the activities of TIPS shall be the financing of the projects designed to increase energy efficiency, the generation of energy from renewable energy sources and the measures aimed at reducing final energy consumption in the territory of the Republic of Lithuania.

For more details please contact +370 5 203 4401, e-mail tips@vipa.lt

TIPS News

07-04-2022

VIPA and eeef: Sustainable Investing at Work – How it Looks in Practice

The European Energy Efficiency Fund (eeef) presents the first podcast on sustainable investments. The host Rahul Pratap Singh, eeef Investment Manager and special guest Asta Gladkauskienė, head of the Private Clients Department at VIPA, discuss the issues of energy efficiency project implementation and financing possibilities of the investment platform ‘Promotion of Sustainable Resource Development’ (TIPS), established by VIPA.

17-03-2022

Sustainable Resources Development platform – JV of VIPA and eeef – will allocate 2.4 million euros for the development of the solar plant in LithuaniaNew Funding Opportunities for Sustainable Energy Projects

In January 2022 a solar plant development in Grikapalis in Lithuania loan agreement was signed with UAB Solarbank. Compared to the most modern gas-fired power plant in Lithuania, this solar plant will save 1 478 tons of CO2 equivalent per year by producing the same amount of electricity, and thus contributing to avoid the effects of climate change. The new agreement is intended for financing the second phase of the development of this solar plant. The first phase was also funded by VIPA and completed in November 2021. Phase II loan amounts to 1.09 million euros, while the total sum of loans is 2.4 million euros.

07-02-2022

New Funding Opportunities for Sustainable Energy Projects

A new investment platform TIPS for the funding of sustainable energy projects has been launched in Lithuania. The capital of this funding platform established by VIPA in cooperation with the investment company European Energy Efficiency Fund (eeef) already totals EUR 24.5 million. The plan is to raise another EUR 12.5 in investments in the future, so the total loan portfolio will amount to EUR 37 million.

11-10-2021

VIPA has established an investment platform for financing sustainable projects together with the European Energy Efficiency Fund

VIPA invested in the limited partnership Tvariųjų Išteklių Plėtros Skatinimas (TIPS) (English: Promoting Sustainable Resource Development) together with the European Energy Efficiency Fund (eeef) the main purpose of which is to finance sustainable investments, contributing to the mitigation of direct consequences of climate change.