Nordic developer Vindr has been unveiled as one of the winners in the auction organised by the Latvian State Forests (LVM), gaining the right to develop wind parks in LVM territories in the Augšdaugava region.
“Renewable energy production in Latvia not only reduces electricity prices throughout the region and strengthens the country’s energy independence but also promotes overall public welfare,” said the company’s business development manager in Latvia Dmitrijs Guzs.
“Considering that wind energy parks have mainly been developed in the western part of Latvia so far, we are particularly pleased to gain the rights to develop our wind park in the Latgale region – in the Augšdaugava district.
“This will allow us to fulfill our company’s promise of making sustainable investments in the local community and promoting balanced economic development.”
Vindr secured the rights to develop a wind park on LVM territory in the Augšdaugava region, covering an area of 3000 hectares.
Before starting construction work, a series of environmental impact and technical studies need to be conducted, as well as extensive coordination with state and municipal institutions.
The developer’s commercial director Mārtiņš Vonda said: “Winning the LVM auction brings Vindr closer to the company’s strategic goal of consolidating its position among the leading renewable energy producers in Northern Europe.
“Considering the significant need to promote renewable energy production in Latvia and the European Union, we look forward to effective cooperation with local and state institutions to ensure rapid project development.”
Since 2019, Vindr has been developing renewable energy projects in Norway and Sweden and has also expanded its operations in Estonia, where it plans to invest €300 million in a significant range of projects by 2030.
Vindr’s subsidiary company Alsun Energy, which develops large-scale solar power plants in the Kuldīga region, is already operating in Latvia.
Vindr implements wind energy projects in the Nordic countries and the Baltics, including the 175MW Bjorkvattnet wind farm (pictured) in Jämtland, Sweden.
Currently, Vindr is implementing 72 solar and wind energy projects in four countries with a total capacity of 15.8GW. By 2030, the group’s companies plan to invest €1.3bn in development.