Latvenergo is folding solar and battery assets into a broader wind-acquisition drive as part of its push to diversify Baltic power generation and strengthen regional energy security.
Latvenergo, Latvia’s state-owned utility, is evaluating the acquisition of up to 250 MW of wind or hybrid power projects, adding to a Baltic portfolio that already includes a 265 MW completed solar park and a growing pipeline of battery storage assets.
It said the acquisition search, advised by PricewaterhouseCoopers, forms part of its medium-term strategy to expand renewable generation, diversify its power mix, and strengthen energy security in Latvia and the wider Baltic region.
The company said it will evaluate both ready-to-build projects and operational wind turbines no older than five years, and will proceed to acquisition discussions with developers of the most suitable projects.
It completed the 265 MW Aizpute solar park in Latvia in 2025 and began generating electricity by the first quarter of 2026. According to its half-year results, seven battery storage projects totaling 233.4 MW and 551.2 MWh were under development as of the end of June, while two smaller BESS projects totaling 10.6 MW and 21.9 MWh had already been completed.
