Denmark-based European Energy will soon commence construction on its first solar farm in Latvia, a 148 MW facility featuring 240,000 solar panels near Targale in Ventspils County. Upon completion, the project will generate 154,550 MWh annually, supplying electricity to around 40,000 European households. Expected to be one of the largest solar farms in the country, European Energy expects it to be grid-connected by the end of 2025. Latvia’s current solar capacity is 500 MW, considerably lower than Estonia’s 822 MW and Lithuania’s 1,165 MW. European Energy claims that its first solar farm in Latvia will boost Latvia’s solar generation, helping Latvia increase its renewable energy capacity from 53% to 80% by 2030.
European Energy’s first solar farm in Latvia starts construction
With Latvia’s current solar capacity at only 500 MW, the new 148 MW solar farm by European Energy will provide a substantial capacity boost. (Image Source: EuropeanEnergy)
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)
EliTe Solar launched its 5 GW PV project in Egypt’s TEDA Suez Zone, set to begin production by September 2025. (Image Source: PRNewswire)
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)