Latvenergo JSC has acquired 100% of the capital of DSE Aizpute Solar Ltd from Danish green energy developer Danish Sun Energy ApS, thus buying a solar project development company under construction.
This project was selected in the 2023 Latvenergo selection process of renewable energy project developers and their projects, in which several utilities submitted their bids for renewable energy projects at various stages of maturity.
As a result, a solar power plant with a total capacity of 265 MWp (megawatts direct current) is planned to be built in Aizpute by the end of 2025.
The solar park site is located in the rural area of Cīrava, in the South Kurzeme region. The project involves the construction of a 330 kV substation "Cīrava" with a connection to the 330 kV high-voltage line of the Latvian national grid.
Danish Sun Energy ApS, in cooperation with Sunotec Group GmbH, will also hand over a fully completed project to Latvenergo under an engineering, procurement and construction (EPC) contract so that the solar power plant is fully operational and commissioned by the end of 2025.
The total construction cost of the solar park is estimated at up to €135 million.
Latvenergo says this is an important step to help Latvia meet its green targets towards climate neutrality in 2050 and to expand and diversify its generation portfolio with green technologies.
"The project, which is equivalent in installed capacity to the Ķegums HPP, will balance the supply of electricity to our customers during the warm season, when we have so far been in a deficit situation and where demand for energy is increasing," said Mārtiņš Čakste, Chairman of the Board of Latvenergo.
