Elenger invested 2.4 million euros in a Latvian solar power plant!
Elenger, the largest privately owned energy company in the Baltics and Finland, is expanding its renewable energy portfolio by opening a new solar power plant in Olaine, Latvia. The total investment in the project amounts to 2.4 million euros.
The new power plant is connected to the distribution grid, has a capacity of 4.9 MWp and is planned to produce 5.3 GWh of renewable electricity per year. The solar park has 7,056 panels, is located on an area of 9 hectares and provides environmentally friendly electricity to approximately 2,500 households.
“The solar power plant in Olaine is another significant step towards our goal – to strengthen the renewable energy portfolio in Latvia and the Baltic region. The growing demand for sustainable energy solutions encourages us to continue investing in such projects, and this power plant is a testament to the fact that green energy is becoming increasingly accessible to our clients as well – the green electricity produced will also be directed to supply ‘Elenger’ customers,” emphasizes Dāvis Skulte, CEO and Chairman of the Board of SIA “Elenger.”
“The solar power plant in Olaine is already our second solar energy project in Latvia – last year we launched the first power plant in Nīca, which we are enhancing this year with an energy storage system (BESS). Additionally, this year we have also completed the first commercial biomethane, or green gas, transaction in Latvia. These projects collectively mark our strategic direction in the field of renewable energy, promoting the development of a more sustainable and greener energy sector in Latvia.”
Elenger is the largest privately owned energy company in the Baltic-Finnish region, operating in six markets – Finland, Estonia, Latvia, Lithuania, Poland and Germany – and serving a total of more than 450,000 customers. Elenger’s activities cover the entire spectrum – energy sales and trade, energy infrastructure and energy production.
Elenger offers customers natural gas of Western origin and renewable biomethane and manages gas distribution networks in Estonia, Latvia and Poland with a total length of 9,000 km. The company also sells electricity, including green electricity produced in its own solar parks. Elenger is actively involved in international energy trade. The group employs more than 1,000 people. The company’s turnover last year exceeded one billion euros. The sole owner of Elenger is Infortar, an investment company listed on the Baltic Main List of the Nasdaq Tallinn Stock Exchange.
