News
2022 08 10
The Platform TIPS Will Grant a Loan in the Amount of EUR 1.6 Million for Development of the New Solar Park
The platform TIPS (Tvariųjų išteklių plėtros skatinimas) (Promoting Sustainable Resource Development) has signed the second solar park development loan contract with Solarbank UAB for financing of the solar park in Didžiasalis. It is the second solar
2022 08 02
TIPS financing opens opportunities for companies and organisations to increase energy efficiency
As the prices of energy sources increase and the risks have significantly increased due to stable supply of energy sources, more and more companies revise their energy consumption habits and seek for more beneficial alternatives. Increasing energy efficiency
2022 06 27
VIPA annual report 2021 summary
Until the end of 2021, acting as a national promotional institution (NPI) VIPA established and is currently managing 17 active target funds, instruments and initiatives, having raised more than 800 million euros for them. More than 1100 projects have already
2022 05 30
Internal auditors of national promotional institutions from 7 European countries share experiences at VIPA hosted event
On 26 May, internal auditors from national promotional institutions of the Three Seas Initiative (3SI) region countries visited VIPA. The visit was one of the events aimed at developing communication, sharing experiences, and insights among the institutions
2022 04 07
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
2022 03 17
Sustainable Resources Development platform – JV of VIPA and eeef- will allocate 2.4 million euros for the development of the solar plant in Lithuania
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
2022 02 07
New Funding Opportunities for Sustainable Energy Projects
A new investment platform “Tvarių išteklių plėtros skatinimas” (TIPS) (English: Promoting Sustainable Resource Development) for the funding of sustainable energy projects has been launched in Lithuania. The capital of this funding platform established
2022 01 31
Launch of a Single National Funder to Open up a New Level of Opportunities for the Development of Lithuania’s Public and Private Sector
On 26 January, the ministerial meeting approved the consolidation of national promotional institutions (NPI) and provided further steps towards this objective. The ministers agreed to consolidate the following currently operating national promotional
2022 01 12
VIPA 2021 Year in Review
<!doctype html> Dear colleagues and partners, Thank you for a wonderful year and sincere cooperation in 2021. We can rejoice over the sustainable development of VIPA all together: we have successfully implemented the already started projects and
2021 12 31
New VIPA’s organizational structure – for long-term development of operations
The organizational structure of UAB Viešųjų Investicijų Plėtros Agentūra (VIPA) was updated in the first half-year of 2021. VIPA’s structural changes were initiated and implemented in accordance with the project “Support for the Organizational
2021 12 22
The first educational institution infrastructure project funded by VIPA has been implemented – a new building at the SMK is about to open for students in Kaunas
The opening ceremony of the new building for the Kaunas campus of the College of Social Sciences was held on 17 December. The project was funded with capital from the Public Investment Development Agency (VIPA) under the measure “Renovation and
2021 11 10
VIPA presents a new financial instrument for the development of free economic zones, industrial parks and other industrial areas
On 10 November 2021, UAB Viešųjų Investicijų Plėtros Agentūra (Public Investment Development Agency or VIPA) and the Ministry of Economy and Innovation of the Republic of Lithuania signed an agreement on the establishment and financing of the financial
2021 10 11
VIPA has established an investment platform for financing sustainable projects together with the European Energy Efficiency Fund
UAB Viešųjų Investicijų Plėtros Agentūra (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
2021 09 24
The signing of the 1000th agreement on the renovation (modernization) of multi-apartment buildings
On 23 September 2021, the 1000th agreement on the renovation (modernization) of multi-apartment buildings was signed by VIPA and UAB Utenos Butų Ūkis. Since 2013, VIPA has been disbursing loans for renovation (modernization) of multi-apartment buildings
2021 08 04
The European Bank for Reconstruction and Development has supported the improvement of energy efficiency in multi-apartment residential buildings in Lithuania
The European Bank for Reconstruction and Development (EBRD) granted to UAB Viešųjų investicijų plėtros agentūra (VIPA) a loan of EUR 67.5 million to finance projects for the improvement of energy efficiency of multi-apartment residential buildings. The
2021 02 01
Lithuania has joined the Three Seas Initiative Investment Fund
UAB Viešųjų Investicijų Plėtros Agentūra (VIPA) representing the state of Lithuania on behalf of the Government of the Republic of Lithuania has committed to invest EUR 20 million in the Three Seas Initiative (hereinafter – 3SI) Investment Fund