
Construction starts for one of the largest solar parks in Latvia
European Energy is ready to start building one of the largest solar parks in Latvia to date, with a capacity of 148 MW once completed. It is expected that this project will produce 154,550 MWh per year, which will provide electricity equivalent to the domestic consumption of approximately 40,000 homes.
The company anticipates that the solar park, located near Targale in the Ventspils County, will be connected to the grid by the end of 2025.According to Alnis B?li?š, director of the Riga office of European Energy Latvia, Latvia has ambitious climate goals and a long history of using renewable energy sources, especially hydropower. However, the potential of solar energy remainslargely untapped.
“In recent years, electricity production from renewable sources in Latvia has experienced significant growth, but the momentum so far is not enough, and there is still very little solar and wind energy in the region. We hope to change this situation with the new solar park. The park will consist of 240,000 solar panels, with a total capacity of 148 MW, which will contribute to the country's energy independence and increase the share of renewable energy in the overall energy mix,” said B?li?š.
According to European Energy, Latvia has so far lagged behind its neighbors in the construction of solar energy parks. In 2023, Estonia's solar capacity reached 822 MW, Lithuania’s reached 1,165 MW, while Latvia’s stood at just 500 MW.
Thorvald Spanggaard, executive vice president and head of Project Development at European Energy, stated that “Latvia is an important market for European energy, especially due to its appetite for renewable energy. According to Latvia’s National Energy and Climate Plan, the proportion of renewable energy in electricity generation is expected to increase significantly, from 53% to 80% by 2030. To achieve this goal, it is necessary to expand wind and solar power production. A key factor for this development will be the willingness of electricity consumers, both public and private, to sign long-term agreements to purchase green energy.”
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