Eolus Vind AB plans to build EUR 250 million 51-turbine wind farm project in Dobele and Tukums in western regions of Latvia. The project is supposed to be the largest wind farm in the Baltic country.
According to sources, the project will not get state support from the government. The mandatory procurement component rights have not been granted since 2012, so its output will be sold on the wholesale market.
The construction is expected to start at the end of 2018 or early 2019, while the completion is expected in 2022. Eolus aims to construct the project regardless of the government's policy. Eolus is currently working on the environmental impact assessment.
Country updates
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July 30, 2018
Adven to acquire interest in SIA Cēsu Siltumtīkli, AS Valmieras Enerģija
Adven is expanding in Latvia, with the deal Adven will acquire SIA Cēsu Siltumtīkli as a whole, and 52% of AS Valmieras Enerģija, whilst 48% of the company remains in the ownership of the municipality...
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July 12, 2017
BaltCap launches first infra fund
BaltCap, the largest private equity investor in the Baltic region, has launched BaltCap Infrastructure Fund (BIF) with the planned size of €100 million (US$114 million).
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November 10, 2016
EIB considers investing in BaltCap Infrastructure Fund
The European Investment Bank (EIB) has announced it is considering to invest in BaltCap Infrastructure Fund.
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February 12, 2016
The Marguerite Fund completes the acquisition of a stake in AS Latvijas Gaza, in Latvia
The Marguerite Fund has announced that it has acquired a 28.97% stake in AS Latvijas Gāze, a Latvian gas company, from a subsidiary of E.ON.
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January 07, 2016
Lords LB Asset Management launches Baltic energy and infrastructure fund
Lords LB Asset Management has established Lithuania‘s first fund that will specialise in investments in energy and infrastructure projects in Lithuania, Latvia and Estonia. The Baltic Energy and Infra...
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