BaltCap completes acquisition of 70% share in Latvian 4 MW biomass-fired project

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BaltCap has completed the purchase of a 70% stake in a Latvian biomass combined heat and power plant Energia Verde from Energoeco.

The facility is equipped with 18 MW HoSt Bio Energy Installations high-pressure water tube steam boiler and a 3.98 MW steam turbine. The plant produces electricity and provides heat to Riga district heating systems.  It commenced operations on October 2017.

COBALT advised BaltCap Infrastructure Fund in the acquisition process.

List of the country updates

Country updates

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