Latvenergo, a state-owned energy company based in Latvia, plans are to expand its generation portfolio with the development of battery energy storage systems (BESS), aiming to be a leading play in the Baltic BESS market.
European Energy sells 50% of its 111 MW Saldus solar and battery project in Latvia to Sampension, one of Denmark's largest pension funds. The project combines a 65 MW solar PV plant and a 46 MW battery energy storage system, supporting Latvia's renewable energy and grid flexibility.