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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 energy efficiency project implementation and financing possibilities of the investment platform ‘Promotion of Sustainable Resource Development’ (TIPS), […]
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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 the same amount of electricity, and thus contributing to avoid the effects […]
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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 by UAB Viešųjų investicijų plėtros agentūra (VIPA) (English: Public Investment Development Agency) in cooperation with the investment company European Energy Efficiency Fund […]
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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 institutions: UAB Investicijų ir Verslo Garantijos (INVEGA), UAB Viešųjų Investicijų Plėtros Agentūra (VIPA), UAB Valstybės Investicijų Valdymo Agentūra (VIVA), UAB Žemės Ūkio Paskolų […]
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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 created new ones, increased the scope of funding and created added value for Lithuania and its people. […]
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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 Capacity Building to the Public Investment Development Agency of Lithuania” funded by the European Commission’s Directorate-General for Structural Reform Support. The […]
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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 Development of Higher Education and Vocational Training Infrastructure (Buildings)”. VIPA issued a loan of EUR […]
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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 incentive measure “Installation of Typical Production Buildings in Free Economic Zones, Industrial Parks and Other Industrial Territories”. […]
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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 purpose of which is to finance sustainable investments, contributing to the mitigation of direct consequences of climate change. The new investor EEEF has invested […]
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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 under the programme approved by the Government of the Republic of Lithuania, the aim of which is to reduce […]
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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 received EBRD loan will be used to finance projects of renovation of multi-apartment buildings that are already being implemented […]
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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 (hereinafter – 3SIIF) and became its full-fledged member. The President of the Republic of Lithuania Gitanas Nausėda […]
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.
‘eeef launched the series of podcasts to initiate a broader dialogue around activities and investments in the sustainable energy space as a way to accelerate reaching net zero targets. This way, eeef believes it will promote the efficient use of energy at both public and private levels,’ says Rahul Pratap Singh.
‘We think it is highly important to talk about green investment opportunities. This is the first European Energy Efficiency Fund podcast, and we hope there will be more in the future. The experience of other countries is useful in developing a sustainable investment portfolio in Lithuania and developing the international partnerships,’ says Asta Gladkauskienė.