Ignitis Renewables has begun working with Swedish cooperative forestry group Sodra, signing a construction right agreement for the development of a wind farms in Latvia.
The agreement builds on the developer’s existing activity in Latvia, where it is already developing 500MW of projects.
“Latvia is a strategic market for Ignitis Renewables, and we see great potential here.
“We are already developing projects in Latvia, currently about 500MW, and we are looking to increase our portfolio to make a meaningful contribution to the EU climate neutral goals,” said Erika Ščiogoleva, CEO of Ignitis Renewables Latvia.
Lars-Georg Hedlund, Managing director of Sodra Latvia, added: “Wind farms are renewable sources of energy that do not emit greenhouse gases or other air pollutants.
“That’s why we are proud to be a part of the projects who contribute towards a better sustainable world.
“We are confident that our cooperation will lead to great results in the nearest future.”
Sodra was founded in 1938 and is the largest forest-owner cooperative in Sweden, with a membership of 53,000 forest owners.
It also produces pulp and owns one of the largest sawmill operations in Europe.