Lithuanian photo voltaic developer SNG Solar has signed an settlement with the Freeport of Riga Authority to construct a 100 MW photo voltaic plant on the port of Riga

SNG Solar will construct the 100 MW photo voltaic plant inside 5 years, as stipulated within the settlement. The undertaking contains the set up of photo voltaic panels, connecting them to the 110 kV line, and constructing a excessive and medium-voltage substation. The complete funding is deliberate to be between €60 million ($66.8 million) and €80 million.

Earlier this 12 months, SNG Solar acquired the rights to lease the land by means of an public sale. The Freeport of Riga will obtain 2.5% of the inexperienced vitality generated, which can help the port’s infrastructure and operations. The plant is predicted to supply about 100,000 MWh of inexperienced electrical energy per 12 months.

The 100 MW photo voltaic facility will probably be constructed on a 177.2-hectare web site in Spilve Meadows, on the left financial institution of the Daugava River in Riga. This undertaking is a part of Freeport’s plan to change into a hub for photo voltaic electrical energy manufacturing, vitality storage, hydrogen, and various gas manufacturing, in addition to an industrial and logistics park.

When accomplished, the undertaking will probably be one of many largest photo voltaic parks within the Baltics. In May 2023, Latvian developer PurpleGreen Energy B introduced plans for a 400 MW solar energy plant close to the Russian border.

According to the International Renewable Energy Agency, Latvia will set up 353 MW of photo voltaic capability by the top of 2023.

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