In accordance with strategic objectives, Latvenergo and Elektrum brand are further expanding renewable energy production in the Baltics. In the Klaipėda region, Lithuania, three Elektrum Lietuva solar parks with a total capacity of almost 180 MW have commenced operations. Thus, new RES production portfolio of the Latvenergo in the Baltic States has reached 374 MW.
Latvenergo subsidiary Elektrum Lietuva has opened three new solar parks in the Klaipėda district with a total capacity of 176 MW. They are located on an area of more than 360 hectares and will be able to provide electricity to over 100,000 households per year. The planned volume of electricity production will reach 200,000 MWh. The new parks – 91 MW in Kiškėnai village, 78 MW in Dovilai eldership, and 7.15 MW in Smeltė – are another Latvenergo strategic investment in the energy independence of the Baltic region.
With the launch of the new parks, Latvenergo portfolio in the Baltic States now includes production at 22 solar parks (13 solar parks in Latvia, 6 in Lithuania, and 3 in Estonia), the renovated Ainaži wind park, and the wind park built in 2024 in the Akmenė district, which will soon be supplemented by high-capacity wind and solar power plants in Latvia and Lithuania, further strengthening the company’s position in renewable energy production in the region.
Additional information:
Jānis Irbe
Group Treasurer
Phone: +371 29 453 897
E-mail: investor.relations@latvenergo.lv
About Latvenergo
Latvenergo Group is one of the leading energy suppliers in the Baltics operating in electricity and thermal energy generation and trade, natural gas trade and electricity distribution services. Latvenergo AS has been acknowledged as the most valuable company in Latvia for several times. International credit rating agency Moody's has assigned Latvenergo AS an investment-grade credit rating of Baa2/stable.
Latvenergo Group is comprised of the parent company Latvenergo AS (generation and trade of electricity and thermal energy, trade of natural gas) and subsidiaries - Sadales tīkls AS (electricity distribution), Elektrum Eesti OÜ (trade of electricity and natural gas, development of solar and wind parks in Estonia), Elektrum Lietuva UAB (trade of electricity and natural gas, development of solar and wind parks in Lithuania), Elektrum Next LT UAB (development of solar and wind parks), Elektrum Next SIA (development of solar and wind parks), Laflora Energy SIA (development of wind park), DSE Aizpute Solar SIA (development of solar park), Latvijas vēja parki SIA (development of wind parks), Telšiu vejo parkas, UAB (development of wind park in Lithiania), Enerģijas publiskais tirgotājs AS (administration of mandatory electricity procurement process) and Liepājas enerģija SIA (generation and trade of thermal energy, electricity generation). All shares of Latvenergo AS are owned by the state and held by the Ministry of Economics of the Republic of Latvia.