European Energy’s 115MW solar project in Broceni, Latvia has entered its final development stages.
Once constructed, the solar farm is poised to become one of Latvia’s largest photovoltaic projects.
The project is scheduled to be connected to the Latvian grid by 2025. Once operational, it is projected to generate an estimated 120,000MWh of renewable electricity annually.
“With its high capacity, the green power generated in Broceni will significantly contribute to our nation’s energy grid, catalysing Latvia’s shift towards a greener economy while positively impacting the electricity market in the long run,” said Alnis Baliņs, Head of European Energy Latvia.
“As we continue to expand renewable energy infrastructure, we envision a stronger impact on our economy and energy security, ultimately benefiting citizens through reduced electricity and heating costs.”
Thorvald Spanggard, Executive Vice-president and Head of Project Development in European Energy, added: “Since our establishment in Latvia in 2021, European Energy has leveraged its global expertise to drive the development of solar and wind energy projects in the country.
“We are happy to be part of Latvia’s journey towards a sustainable future, and our upcoming portfolio of wind and solar projects in Latvia, with a combined capacity of more than 1.5GW, underscores our dedication to making renewable energy accessible to all.”