Atsinaujinančios energetikos investicijos Secures Financing for Bond Redemption

Atsinaujinančios energetikos investicijos (AEI), an investment company managed by Lords LB Asset Management, has secured EUR 18.1 million in financing to redeem the remaining portion of a previous bond issue whose maturity was extended at the end of last year. The company states that funds will reach investors’ accounts by 18 June.

On 15 December 2025, AEI paid all interest due on its EUR 54.134 million bond issue and redeemed 50% of the bonds’ nominal value (reducing the nominal value of each bond to EUR 500). Bondholders agreed that the redemption date for the remaining portion would be extended until 15 June 2026. During the extension period, bondholders receive annual interest of 8.5% instead of the original 5%.

AEI, through its subsidiary, has borrowed EUR 18.1 million for the purpose of redeeming the bonds. The loan proceeds will be credited to AEI’s bank account by 18 June 2026, and the bond redemption amount will be paid by the same date.

On 11 June, AEI also completed the first tranche of its EUR 25 million bond programme, raising EUR 2.35 million. These proceeds will likewise be used for bond redemption.

“The bond issue completed on 11 June was intended as an additional liquidity reserve, providing the company with greater financial flexibility as we finalize this stage of the investment cycle. At the same time, we continue to consistently execute the company’s strategy, which is focused on realizing the value of operating and development-stage projects through sales to strategic investors,” says AEI Fund Manager Mantas Auruškevičius.

AEI, which manages assets worth EUR 165 million across Lithuania, Latvia and Poland, has now reached the final stage of its investment cycle. The company aims to realize its entire portfolio of operating and development-stage projects by the end of 2027.

At the end of last year, AEI completed two transactions with a combined value of EUR 5.6 million. In Lithuania, it sold a 45 MW wind farm under development together with a 9 MW battery energy storage system, while in Latvia it sold a 132 MW wind farm under development. These investments generated returns of 18% and 15%, respectively. All projects currently under development are in the sales process, and negotiations are also underway with potential investors regarding part of the company’s operating asset portfolio.

“Today, more than half of our portfolio value consists of operating energy projects that generate recurring revenue. At the same time, we continue to systematically implement our portfolio realization strategy. The transactions completed last year, together with the negotiations currently underway, allow us to steadily execute our plan to realize the entire portfolio by the end of 2027,” says M. Auruškevičius.

Operating renewable energy parks in Lithuania and Poland account for 56% of AEI’s portfolio value, with a combined installed capacity of 303 MW. Projects currently under construction account for a further 30% of the portfolio value.

One of the company’s key assets is a 185.5 MW wind farm in Lithuania, in which AEI holds a 25% stake. Half of the electricity generated by the wind farm is sold under a 10-year power purchase agreement (PPA), providing strong visibility over future revenue streams.

In Poland, the company owns a 182 MW portfolio of solar parks. Projects with a combined capacity of 117 MW are already operational, while 85% of the entire portfolio benefits from a government-backed fixed-tariff support scheme, ensuring stable cash flows regardless of fluctuations in electricity market prices.

Nasdaq announcement by Atsinaujinančios energetikos investicijos.