The JSC “Latvenergo” and JSC “Latvian State Forests” (LVM) joint undertaking “Latvian wind parks” have been granted the right to acquire building rights for clean energy projects in certain forest territories of the State of Latvia in a total of ten municipalities.

The scope is to set up wind power plants with a total capacity of at least 800 megawatts (MW): approximately EUR 154 million will be paid for the building rights over the entire duration of the contract. The areas are subject to an environmental impact assessment.

The project of “Latvian wind parks” is believed to create opportunities for other wind energy developers since it is possible to develop the necessary capacities only with the help of private entrepreneurs. Thus it is planned to involve local entrepreneurs in the construction and development of wind farms, which will facilitate opportunities for local entrepreneurs to create and strengthen experience in the processes of supply and maintenance of wind power plants.

At the same time, the Ventspils Freeport Administration has signed an agreement with PurpleGreen Energy C to start research works for the construction of a green hydrogen plant in Ventspils, where the company plans to build a green hydrogen plant using only renewable electricity and water. The plant would also potentially produce products using green hydrogen as a raw material.

PurpleGreen Energy C is negotiating with international companies on markets and exports for the products produced, as well as identifying potential cooperation opportunities with existing companies in Ventspils.

Ventspils is the second largest port in Latvia in terms of cargo handled. It handled a total of 14.746 million tons of cargo last year, 33.1% more than in 2021, including 10.5m tons of cargo handled in the port in nine months.