Expanding portfolio of solar projects Ignitis Renewables’ portfolio of solar farms in Latvia currently consists of two solar farms already under construction – the 94 MW Vārme solar project in Kuldīga municipality and the 145 MW Stelpe solar project, which consists of two separate sites in Stelpe and Bārbale parishes in Bauska municipality.
The completion and commercial operation of these solar farms is planned for 2025. The current investment in the development of solar projects by Ignitis Renewables in Latvia is estimated at around EUR 284 million, which includes both construction and project development costs.
Ignitis Renewables, an international green energy company, is expanding its operations in Latvia. The investment decision foresees an investment up to EUR 106 million in the development of the 174 megawatt (MW) Tume solar farm, which will be one of the largest of its kind in the Baltics.
Over the next few years, the Ignitis Group plans to invest a total of around EUR 700 million in Latvia. The majority of the investment will be in renewable energy projects. Emphasis on support for local communities and environmental protection
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Ignitis Renewables’ Expansion Plans for Latvia solar farm The Värme project is just the beginning of Ignitis Renewables’ plans in Latvia. The company is actively developing …
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The overall Stelpe project, which comprises two separate sites, marks one of the three large-scale solar farms realised by Ignitis Renewables in Latvia. The other two include …
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Ignitis Renewables has started commercial operations at the 94 MW Vārme solar farm in western Latvia. The project is one of the country’s largest PV installations to date.
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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 …
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Expanding portfolio of solar projects Ignitis Renewables’ portfolio of solar farms in Latvia currently consists of two solar farms already under construction – the 94 MW Vārme …
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Latvia inaugurates the 94 MW Vārme solar farm, the largest in the Baltics. Learn how this massive project from Ignitis Renewables powers up the grid with 99 GWh annually.
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The project utilized local resources, with Lithuanian-made trackers and 120 Latvian workers. Ignitis plans to apply insights from Varme to a 200-MW solar-plus-wind hybrid project …
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The overall solar generation capacity in Latvia currently stands at 600 MW. The solar park in Tārgale will significantly boost Latvia’s solar energy generation, strengthening its …
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