Latvia | Oil & Gas Feed

Latvia’s electricity distribution operator, Sadales tīkls, said it has signed a 60 million euro agreement with the Central Finance and Contracts Agency, receiving support from the EU Recovery Fund (REPowerEU) to enhance the country’s electricity grid.

Latvia’s electricity grid operator, Sadales tīkls, in collaboration with technology company Tet, has launched a project to develop a new electricity flexibility service aimed at managing grid overloads more efficiently.

Latvia’s TSO AST has signed two agreements with the Central Finance and Contracting Agency for the 73.24 million euro funding from the EU Recovery and Resilience Fund RePowerEU plan.

International green energy company Ignitis Renewables is expanding its operations in Latvia with an investment of up to 106 million euros to develop a 174 megawatt (MW) solar farm that will be one of the largest of its kind in the Baltics.

Latvian energy company AKSEDO has concluded a long-term development services cooperation agreement to develop hybrid projects in Latvia with a total capacity of up to 600 megawatts (MW). 

VIRŠI-A signed an agreement with the European Energy Efficiency Fund to secure funding for the development of a biomethane production plant in Latvia.

Modus Asset Management has secured 20 million euros in debt financing from Swedbank to construct a 57 MW solar PV portfolio in Latvia.

Latvia allocated 134.4 million euros to establish a biomethane entry point and modernise the country's energy supply network.

Green Genius signed 2 deals with financial institutions of German origin to finance the construction of the biggest in Latvia and the second biggest stand-alone solar park in the Baltic countries.

Ignitis Renewables has made the final investment decision on its 239 MW solar portfolio in Latvia, the largest of its kind in the Baltic states, with construction works to commence in the first quarter of this year.

In the following years, a significant increase in energy produced by renewable energy resources (RES) is expected in Latvia and the whole Baltic Sea region, according to the Latvian transmission system operator (TSO) Augstsprieguma tīkls (AST).

A new solar power plant in western Latvia with a capacity of 4 MW has been commissioned.

The number of prosumers in Latvia, choosing to install solar panels on their rooftops to produce electricity, keeps growing.

With an investment of almost 2 million euros, the construction of a solar power plant near the town of Zilupe, in Latvia, will be completed by the summer, providing green electricity to at least 1,300 households, reported the municipality of Ludza.

The Investment and Development Agency of Latvia and with the Environmental Investment Centre of Estonia, submitted a project application to the Connecting Europe Facility (CEF) programme for the ELWIND wind farm project.

The Latvia-Lithuania Interconnector Improvement project has now been completed on the Lithuanian side, which saw an increase in capacity from Lithuania to Latvia.

The Ukrainian Wind Energy Association signed a Memorandum with the Latvian Wind Energy Association under the slogan "Supporting Ukraine's integration into the single Western and European market, using Latvia as an entry point."

Latvia has approved a new 80-million-euro support program, part of the country's EU Recovery and Resilience plan, for the modernisation of electricity transmission and distribution networks.

In order to ensure the necessary inertia in the energy system, after synchronising the transmission networks of the Baltic countries with the Continental Europe power grid, 3 synchronous condensers will be installed in Latvia.

Ignitis Renewables and Södra signed their first construction right agreement for the development of a wind farm in Latvia.