Green Genius is set to build a 100 MW of unsubsidized solar in Jekabpils, southeastern Latvia.
The Lithuanian renewables developer privately acquired the project and is now in the process of deciding whether the electricity will be commercialized on the spot market, through utility off-takers, or via power purchase agreements, the company’s head of solar, Simonas Šileikis, told pv magazine.
“The solar energy market in Latvia is at the very early beginning stage. At the moment, there are some early-stage industrial projects under development already,” said Šileikis. “However, this 100 MW Green Genius project is currently the largest in Latvia.”
The project will cover 151 hectares of land, with construction set to begin in June 2023. The investment stands at roughly €90 million ($97.5 million).
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“Latvia has very good potential with attractive terms and reasonable regulation for solar PV development. We’ve been looking into it for quite some time now,” Šileikis said. “I’m happy to announce a stepping into the project that will definitely have a tangible impact on Latvia’s sustainability and energy independence.”
According to the International Renewable Energy Agency (IRENA), Latvia’s cumulative solar capacity was only 8 MW at the end of 2021.
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Very good news but is it within shelling or missile range of Russia? It is a sad reality that any green infrastructure would tempt them too much. Distributing solar on all existing (where possible) and new buildings is a bit more secure but not totally safe from a determined adversary.
”According to the International Renewable Energy Agency (IRENA), Latvia’s cumulative solar capacity was only 8 MW at the end of 2021.”
Interesting how times change, at the moment installed capacity is more like 330 MW in Latvia with maybe more than doubling till the end of 2025. Some even think it could reach 1 GW by 2026.