Basic situation of new energy storage in Latvia

Where is the first battery energy storage system in Latvia?

On November 1 Latvia’s largest wind energy producer Utilitas Wind opened the first utility-scale battery energy storage battery system in Latvia with a total power of 10 MW and capacity of 20 MWh in Targale, Ventspils region.

Why should Latvia invest in offshore wind?

By harnessing the power of offshore wind, Latvia strengthens its energy security, supports its economy and promotes sustainable practices. Latvia continues to expand its renewable infrastructure, paving the way for economic resilience, environmental responsibility and regional leadership in the green energy transition.

How can Latvia achieve a zero-emissions goal?

Key outcomes include a memorandum between KBR and GI Terminals to produce sustainable aviation fuel from CO₂ and hydrogen. Latvia’s leading energy provider, Latvenergo, also partnered up with the U.S. National Renewable Energy Laboratory to develop energy transformation strategies crucial for achieving Latvia’s 2050 zero-emissions goal.

What can Latvia do with low energy costs?

With lower energy costs, Latvia could see growth in manufacturing, engineering and logistics industries, stimulating economic expansion. The availability of affordable energy can also make Latvia more competitive, drawing investors and fostering industrial innovation . Pioneering green growth

Are new wind farms a good investment for Latvia's energy security?

I am pleased that the bar has been set high for developers of new wind farms, which also plays an important role in the context of Latvia’s energy security,” said Climate and Energy Minister of Latvia, Kaspars Melnis. Given the total investment in the project, the OP Corporate Bank provided loan financing.

Is Latvia facing regulatory challenges in offshore wind development?

Overcoming regulatory challenges Latvia faces regulatory hurdles in offshore wind development. The Ministry of Climate and Energy has yet to finalise an auction design for offshore wind licenses, creating uncertainties for potential investors .