Estonia-based Sunly, a renewable energy company, began work this autumn on three solar park projects in Latvia, with a total capacity of 225 MW. The Valmiera project near Matīši village will feature a 54 MW solar park, while a 90 MW project in Dagda Parish, Krāslava. The third project with a capacity of 81 MW near the village of Barkava in the Madona region. These parks will integrate hybrid systems combining solar, wind energy, and storage (BESS) to improve energy predictability and reduce costs.These solar parks are designed to power over 118,000 households annually. These projects are part of Sunly’s long-term strategy in the Baltic region and Poland, supported by €300 million (~$326.38 million) in funding from Rivage Investment, Copenhagen Infrastructure Partners, and Norway’s pension fund, Kommunal Landspensjonskasse.
Sunly commenced 225 MW hybrid solar parks in Latvia
Sunly has started construction on three solar parks in Latvia, totaling 225 MW, with hybrid energy systems combining solar, wind, and BESS. (Image Source: Sunly)
Scatec has secured EUR 25 million from IFU, alongside equity and non-recourse debt, for its USD 85 million project financing. (Image Source: Scatec ASA)
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Part of SECI’s 2 GW ISTS initiative, the project will deliver four hours of peak power daily for 25 years. (Image Credit/Source: Pixabay/Pexels)
Ethical Power Italia’s first EPC projects in Italy, two solar farms for Encavis AG, will generate 28 GWh annually. (Image Credit/Source: TomFisk/Pexels)