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Riga solar Energy Storage Project

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Latvia solar storage: Impressive €37.9M Boost Secured

Danish renewables company European Energy has secured €37.9 million in financing for a major hybrid solar and energy storage project in Latvia, a landmark

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European Energy secures financing for hybrid solar and storage project

European Energy has secured EUR 37.9 million of long-term project financing for a hybrid solar and battery storage project in Saldus, Latvia. Once operational, it will be among

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SUNOTEC seals Latvian hybrid solar investment in landmark

SUNOTEC acquires 400 MWp solar-plus-600 MWh storage project in Latvia, targeting grid connection by 2027 and bolstering the country''s expanding clean-energy ambitions.

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European Energy gets EUR-38m loan for solar, storage site in Latvia

Danish renewables developer European Energy has obtained EUR 37.9 million (USD 43.8m) in long-term project financing for a solar-plus-storage project in Latvia, which is

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Latvia''s path to energy transition: Expanding renewable energy

Latvia''s Energy Strategy 2050 outlines major changes in renewable energy production and storage, with significant investments planned in wind, solar, biomass, and

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Latvia''s path to energy transition: Expanding

Latvia''s Energy Strategy 2050 outlines major changes in renewable energy production and storage, with significant investments planned in wind, solar, biomass, and biogas, as well as in energy storage

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European Energy and Luminor finance hybrid solar project in Latvia

A 65 MW solar and 92 MWh storage project by European Energy, Sampension and Luminor in Latvia advanced the country''s transition toward greater grid flexibility.

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European Energy Secures €37.9 Million Financing for Latvia''s

European Energy has announced the successful securing of €37.9 million in long-term project financing from Luminor Bank to develop a hybrid solar and battery energy storage

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SUNOTEC''s 400MW Solar & 600MWh BESS Project Supercharges Latvia''s Energy

SUNOTEC builds massive solar and battery storage project in Latvia, boosting renewable energy, energy independence, and economic growth. A game-changer for Latvia''s

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European Energy Secures €37 Million Financing for Latvia Hybrid Solar

European Energy has obtained more than €37 million in long-term project financing from Luminor Bank to develop a hybrid solar and battery energy storage facility in

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FAQS 4

When will battery energy storage systems be installed in Latvia?

The most recent update regarding BESS installations is that in Tume and Rēzekne, Latvia’s transmission system operator “Augstsprieguma tīkli” (AST) in June 2025 installed battery energy storage systems with a combined capacity of 80 MW and 160 MWh, which will undergo testing until October 2025.

Who is responsible for the energy transition in Latvia?

Local authorities are responsible for municipal energy supply and renewable energy projects, with Latvia’s energy transition guided by the National Energy and Climate Plan and the Energy Strategy 2050.

What is the main source of renewable electricity in Latvia?

Hydroelectric power is the main source of renewable electricity in Latvia, followed by solar, wind and biomass cogeneration plants. In 2024, solar power in Latvia grew over 3.1 times to 6.7% of total electricity, becoming the third-largest source, while wind reached a record 38 GWh and hydropower, despite a 16% drop, still provided 54%.

What is Latvia's recovery and Resilience Plan?

Latvia’s Recovery and Resilience Plan plays a key role in the energy transition, supporting economic recovery through major investments in renewables like wind, solar, and biomass, as well as initiatives such as a 60 MW Battery Energy Storage System by 2026 and cross-border projects to synchronize with Continental Europe .

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