European Energy Launches Construction of Its First Solar Farm in Latvia

European Energy begins construction of the largest solar farm in Latvia, with a capacity of 148 MW. This project aims to strengthen the country's energy independence and increase the share of renewable energies.

Share:

Comprehensive energy news coverage, updated nonstop

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access • Archives included • Professional invoice

OTHER ACCESS OPTIONS

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

FREE ACCOUNT

3 articles offered per month

FREE

*Prices are excluding VAT, which may vary depending on your location or professional status

Since 2021: 35,000 articles • 150+ analyses per week

European Energy has announced the start of construction for its first solar farm in Latvia, located near Targale in Ventspils County. With a planned capacity of 148 megawatts (MW), this installation will become one of the largest in the country for solar energy.

The solar farm will be equipped with 240,000 solar panels, allowing an annual production of approximately 154,550 megawatt-hours (MWh). This production will be sufficient to power about 40,000 European households, significantly contributing to the local energy demand.

An Ambitious Project for Latvia

European Energy expects the solar farm to be connected to the electrical grid by the end of 2025. This project aligns with Latvia’s ambitious climate goals, which aim to increase the share of renewable energies in its energy mix. Despite a strong tradition in hydroelectricity, the country’s solar potential remains largely untapped.

Alnis Bāliņš, head of the Riga office of European Energy Latvia, emphasized that electricity production from renewable sources has seen significant growth in recent years. However, the current pace is not sufficient, and the region still needs to further develop solar and wind energy.

Strengthening Latvia’s Position in the Renewable Energy Market

To date, Latvia has lagged behind its neighbors in the construction of solar energy parks. In 2023, Estonia’s solar power capacity reached 822 MW, Lithuania’s 1,165 MW, while Latvia’s stood at only 500 MW. European Energy’s new project represents a significant leap forward for the country, strengthening its position in the renewable energy market.

Thorvald Spanggaard, Executive Vice President and Head of Project Development at European Energy, stated that Latvia is a key market for the company, notably due to the growing appetite for renewable energy. The Latvian National Energy and Climate Plan anticipates that the share of renewable energy in electricity generation will increase significantly, from 53% to 80% by 2030.

Towards Increased Energy Independence

To achieve this target, the production of wind and solar energy must be intensified. A key driver for this development will be the willingness of electricity consumers, both public and private, to engage in long-term agreements to purchase green energy. This strategy perfectly aligns with European Energy’s vision and development strategy.

This solar farm project is therefore not only an important step towards Latvia’s energy independence but also an example of how companies can contribute to the energy transition in Europe.

The consortium led by Engie and Masdar has been selected to develop a 1.5 GW photovoltaic plant in Abu Dhabi, aimed at expanding the emirate’s solar capacity under its long-term energy strategy.
T1 Energy invests in private solar cell manufacturer Talon PV to support industrial expansion of the U.S. solar sector and address rising grid demand.
The European Bank for Reconstruction and Development is reviewing a loan for a 100 MW photovoltaic project led by Qair in Tunisia, backed by a long-term power purchase agreement with the national utility.
French independent producer CVE has commissioned an agrivoltaic pilot project in Haute-Loire, aiming to test solar panel integration on a cattle farm ahead of a future 12 MWc installation.
Geronimo Power celebrated the near completion of its 125 MW solar farm in Jackson County, marking a major step for the local economy and regional power grid.
GOLDBECK SOLAR Polska has received the Final Operational Notification for its Zwartowo photovoltaic facility, marking a key regulatory milestone in the development of large-scale solar projects in Poland.
H.E Energy will develop 100 low-voltage solar facilities totalling 10MWDC in Hokkaido for SMFL Mirai Partners, with commissioning scheduled by June 2026.
Hokkaido Gas has launched a 2MW solar power plant in Kamishihoro, with an expected annual output of 4.4GWh to be distributed locally through energy supplier Karch.
Sembcorp Industries has signed a purchase agreement to acquire a 300-megawatt solar plant in India, boosting its renewable energy footprint to a total capacity of 6.9 gigawatts.
Spanish solar energy producers have recorded 693 hours of zero or negative prices since January, already matching the total for the previous year, raising concerns about the sector’s profitability and market stability.
Mars signs a major contract with GoldenPeaks Capital to develop over 100 solar plants in Poland, aiming to power its European operations and supply chain with renewable electricity.
Doral Renewables has signed a power purchase agreement for 75% of the output from its Cold Creek Solar project, expanding its contracted portfolio to over 1.6 GW nationwide.
SNCF Voyageurs secures direct solar electricity supply from two plants owned by Octopus Energy and BayWa r.e., through 25-year agreements aimed at powering its rail network.
The end of China's VAT rebate and reduced output bring an end to eighteen months of historically low prices in solar and storage sectors.
The Kuwait Authority for Partnership Projects has shortlisted several companies for Phase III of the Al Dibdibah solar plant, with a net capacity of 500 MW.
The Central Electricity Regulatory Commission has agreed to examine compensation claims by ACME Solar and AMPIN Energy, citing losses caused by non-operational transmission lines.
Waaree Energies has activated a new 950 MW photovoltaic module production line in Degam, strengthening its industrial investment programme in western India.
India opens a new rooftop solar tender phase, offering 3,640 kW under the RESCO model, with a pre-bid meeting held online on October 6 by Solar Energy Corporation of India.
The Japanese developer has reached a total of 100MW in solar capacity under power purchase agreements with Microsoft, spread across four projects in the country, two of which are already operational.
SNCF Énergie signed four new renewable electricity purchase agreements with Neoen in July, covering the annual consumption equivalent of the TGV Paris–Bordeaux line.

All the latest energy news, all the time

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access - Archives included - Pro invoice

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

*Prices shown are exclusive of VAT, which may vary according to your location or professional status.

Since 2021: 30,000 articles - +150 analyses/week.