Utilitas takes ownership of Grobiņa wind farm

Take note – story published 1 year ago

Energy group "Utilitas" has completed the acquisition of Grobiņa wind farm in western Latvia, the company confirmed March 31.

The Grobiņa site is one of the the largest wind farms in Latvia, consisting of 33 Enercon wind turbines with a total capacity of 19.8 MW.

“Currently, only 3% of the electricity produced in Latvia is wind energy, which, taking into account its share in the region, is a low rate. By acquiring the Grobiņa wind farm and continuing the construction of the Tārgale wind farm, we are working on improving Latvia's energy security, reduce dependence on imported energy sources and increase the share of renewable energy in Latvia to help the country achieve its renewable energy targets,” said Renārs Urbanovičs, Utilitas' lead project manager.

Utilitas said it plans to continue operating the wind turbines and hopes to use it as a platform for the future
development in the region, expanding its production portfolio in Latvia.

Utilitas is the largest producer of renewable energy in Estonia, as well as the largest district heating company operator in the country. In 2021, Utilitas produced 1.7 TWh of heat and 330 GWh of electricity, of which 66% is from renewable resources.Utilitas' consolidated sales revenue was 161 million euros and assets amounted to 486 million euros. The company belongs to the European Diversified Infrastructure Fund II, whose assets are managed by members of the board of First Sentier Investors (FSI) and the Utilitas group of companies.

Seen a mistake?

Select text and press Ctrl+Enter to send a suggested correction to the editor

Select text and press Report a mistake to send a suggested correction to the editor

Related articles


Most important