Construction of the solar PV plant in Latvia will begin this year. Image: European Energy Danish renewables firm European Energy has secured €68 million (US$73.4 million) in financing for a 148MWp solar PV plant in Latvia. Developed by its subsidiary, Stelo Orienta SIA, European Energy expects to begin construction in 2025.
NIB announcement. The Danish renewable energy developer European Energy has secured EUR 68 million in financing to construct a 148MWp solar farm in Latvia. The financing package comes from a consortium of financial institutions, including the Nordic Investment Bank (NIB), Luminor Bank, and NORD/LB.
“Creating new renewable capacities will help the Baltic states towards energy independence.” According to the NIB, the financing of the project will allow for the growth of solar PV in Latvia, the capacity of which currently sits at 600MW, and reduce the country’s reliance on fossil fuels.
The added solar capacity, providing green electricity to over 40,000 households, will advance the country’s green transition and lessen its dependence on imported energy. Latvia’s current solar generation capacity is 600MW. Stelo Orienta, a subsidiary of European Energy, will start construction of the solar PV farm in early 2025.
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The project marks one of Latvia’s most ambitious renewable-energy initiatives to date and will accelerate the Baltic region’s shift to clean power while enhancing Latvia’s …
We acted as Latvian legal counsel to the lenders – NORD/LB Norddeutsche Landesbank, Nordic Investment Bank, and Luminor Bank – in the EUR 75 million financing of …
The project is expected to play a key role in expanding Latvia’s solar generation capacity, currently at 600 MW, and advancing the country’s green transition and energy …
The project is being developed by Stelo Orienta SIA, a subsidiary of European Energy, a Danish renewable energy company. The overall financing amounts to EUR 68 …
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Danish renewables firm European Energy has secured €68 million (US$73.4 million) in financing for a 148MWp solar PV plant in Latvia.
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The 121 MW project is located in Jekabpils, Central-East of the country. So far, it is the biggest stand-alone solar park in Latvia, taking over 151 ha area. The total planned investment into …
The Danish renewable energy developer European Energy has secured EUR 68 million in financing to construct a 148MWp solar farm in Latvia. The financing package comes from a …
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The financing will increase the overall solar generation capacity in Latvia, which currently stands at 600MW. “The desynchronisation from the Russian and Belarusian power …
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European Energy, a leading Danish renewables developer, has announced the successful acquisition of €68 million (US$73.4 million) in …
Homepage Europe Europe Legal Chronicle SIA Baltic Biorefinery Group’s Financing for Solar PV Project in Latvia SIA Baltic Biorefinery Group’s Financing for Solar PV Project in …
European Energy, a renewable energy project developer, secured €68 million (~$72.79 million) in financing to develop a 148 MWp solar project in the Ventspils municipality, …
European Energy, a leading Danish renewables developer, has announced the successful acquisition of €68 million (US$73.4 million) in financing for the construction of a …
The Danish renewable energy developer European Energy has secured EUR 68 million in financing to construct a 148MWp solar farm in Latvia. The …
Estonia’s Luminor Bank AS will provide financing for a 19-MW solar photovoltaic (PV) park in Latvia, to be built by a fund owned by domestic group Merito Partners.
Danish renewables firm European Energy has secured €68 million (US$73.4 million) in financing for a 148MWp solar PV plant in Latvia.
The Nordic Investment Bank (NIB), Luminor Bank, and NORD/LB will co-finance a 148-MWp solar power project developed by Denmark''s European Energy in Latvia, a joint …
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