Green technology

Green technology combines the best of what technology and science can offer in an environmentally friendly way. It is the production of clean energy using alternative fuels and technologies less harmful to the environment. Green technology is a real deal. It protects the environment and sometimes even reverses the damage done by previous generations. Investors are becoming increasingly aware of green technologies due to climate change and the depletion of natural resources. 

We went green. Therefore, we are truly proud that Latvia provides an excellent environment for green energy generation. Latvia has the potential to expand this sector, as we have one of the highest shares of renewable energy production in the EU. We also provide skilled labour, long-standing experience in renewable energy generation, and the necessary resources. Latvia’s efforts to improve energy efficiency and increasing enrolment figures for degree programmes relevant to the sector further add to the industries’ potential.

 

Main subsectors

Wind Energy, Combined Heat and Power, Hydroelectric energy, Component manufacturing for the energy industry

Fast facts

  • Green technology is one of the most forward-thinking and progressive sectors that you can think of and traditionally the leading field in Latvia, offering state-of-production processes. To no surprise, we are in 2nd place in Europe in terms of the percentage of renewable energy used for heating and cooling.  
  • To implement green technologies to the utmost and most profound level, you need some back-up. We have it. Latvia has easy access to raw materials thanks to its advantageous geographic location.
  • Green technologies require careful managing of how resources are acquired, stored, and transported to the final destination in the most efficient and environmentally friendly way. We are set here as Latvia has excellent logistics infrastructure.

Industry statistics

  • Eliminating emissions to zero levels is not a fairy-tale. Latvia has finished the National Energy and Climate Plan for 2030 (NECP) and has set plans to reach zero net emissions by 2050. Currently, we are the 2nd greenest country in terms of greenhouse gas emissions in the EU. 
  • We are shifting more and more towards renewable energy resources. The share of renewable energy resources in the final gross energy consumption in 2019 was 41% (3rd in the EU). 
  • Not only Latvia is a country with 12.5 thousand rivers, but also we have the 2nd highest share of hydroelectric power in the EU (2020).

Employment and education

  • It is always a good idea to consult and cooperate with others. Green-Tech Cluster is an organization for cross-sectoral cooperation that brings together companies, educational and research institutions, and other organizations. There are 66 active member companies in the cluster. 
  • The first steps can be challenging in any sector and business. Green Industry Innovation Center or Green Technology incubator is here to support and encourage your business to succeed in green industry innovation.
  • The green technologies field is novel and appealing, attracting many forward-thinking minds - more than 2000 employees are currently working in this field. Where do all the emerging specialists in the green technology sector come from? Well, search in our capital city Riga. The University of Latvia and Riga Technical University are the leading educational institutions in the field.

Industry leaders

  • East Metal has over 40,000 m2 of production space at its disposal divided into four plants in Latvia and Denmark. East Metal excels as a reliable partner in handling projects of complex steel structures and components as well as manufacturing projects for the wind energy sector, transport equipment, cranes, and lifting gear. It also produces machinery and machine parts for the manufacturing industry.
  • CNC SAAN is a metal processing company working with metal milling, turning, welding, and CMM measuring. The major export countries of the company are Sweden, Norway, Germany, and Denmark. The further development of CSNN includes such industries as machine-building, power industry, agriculture, forest exploitation, the field of oil/gas, and furniture. 
  • Energofirma Jauda is one of the largest producers of electrical materials and equipment in the Baltic countries with more than 50 years of experience. The company produces products for energetics and electrification, including compact substations, low and medium voltage equipment, metal constructions, and metalware.

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