European Energy has revealed it plans to build a 110MW solar park in Latvia.
The project, in Tārgale, in the Ventspils region, will be European Energy’s first project in the country and the largest solar park in Latvia.
The Tārgale solar park is expected to be connected to the electricity grid in 2024.
European Energy started developing renewable energy projects in Latvia in 2021, and with the opening of its office in Riga, four employees have joined the company in Latvia to develop a pipeline of renewable energy projects in the country.
European Energy a development pipeline of more than 1GW in Latvia, including both solar and wind projects.
Gatis Zamurs, the Parliamentary Secretary of The Ministry of Environmental Protection and Regional Development in his speech during the opening event for the solar project, said: “Today, the European Green Deal has become a Security Deal, therefore I cherish the intention of European Energy to expand their renewable energy business.
“Energy independence since February 24th has become more than an opportunity to save money or to protect the environment.
“Now, it is a matter of not funding the aggressor and the deaths of innocent people.
“The Ministry of Environmental Protection and Regional Development is eager to cooperate, leading Latvian society forward to a sheltered and sustainable future, contributing to the common prosperity of Europe.”
Alnis Bāliņš, head of the Riga office at European Energy Latvia, added: “Now is the right time to invest in renewable energy projects both due to rising energy prices, the Green Deal and the competitiveness of renewable solutions.
“Nowadays, solar and wind farm technologies have developed to the point where we can safely start deploying them in the current market conditions without any subsidies.
“We, therefore, need to move forward rapidly and develop utility-scale solar parks.”