The project will comprise a 65 MW solar park and a 92 MWh battery energy storage system (BESS) across approximately 96 hectares. Once operational, it will be among the most advanced renewable energy facilities of its kind 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. . The European Bank for Reconstruction and Development (EBRD) is boosting Latvia's renewable energy capacity through a new €35. 2 million loan provided to Sunly, a leading Baltic renewable energy developer. The funding is part of a joint €84. 8 million loan package co-financed with the European. . European Energy has secured EUR 37. 9 million of long-term project financing for a hybrid solar and battery storage project in Saldus, Latvia. The storage system is designed to support grid stability, balance. . In 2025, Latvia's solar capacity is poised for significant growth, spurred by a groundbreaking international financing initiative aimed at accelerating the country's shift to clean energy. The nation's solar sector has been expanding rapidly, with installed capacity projected to increase from 0. Niam Infrastructure, a Nordic real assets investor, announces the launch of the second phase of its renewable energy platform in Latvia, developed in partnership with Baltic clean energy. . As Latvia strengthens its commitment to renewable energy and energy independence, an increasing number of government-backed subsidies and loan programs are available in 2025 for households and businesses investing in solar panels, wind energy, heat pumps, and energy efficiency improvements.
