How many solar farms are there in Latvia?

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.

What is Latvia's energy system?

Latvia’s energy system is largely based on renewable resources, primarily hydropower from the Daugava River, supplemented by wind, solar, and biomass. While natural gas imports cover energy shortages, the country aims to increase wind and solar energy capacity, with significant progress already made in 2022.

How much money does ignitis renewables invest in Latvia?

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. Over the next few years, the Ignitis Group plans to invest a total of around EUR 700 million in Latvia.

Does Latvia have a heat storage system?

Latvia has a comprehensive district heating system, especially in urban areas, where thermal storage is crucial for managing heating needs. Heat storage development in Latvia relies significantly on local government decisions.

Does Latvia need a thermal power plant?

Until now, Latvia has relied on electricity generated by hydroelectric power plants (HPPs), and the country’s overall policy also included the development of thermal power plants (TPPs), as natural gas was a relatively cheap resource.

Why is biomethane storage important in Latvia?

There is a growing interest in developing biomethane storage solutions to ensure a reliable supply during peak demand periods. Latvia has a comprehensive district heating system, especially in urban areas, where thermal storage is crucial for managing heating needs.