13.01.2023 - Green technology, Technology

Lithuania's Green Genius to build 100 MW solar PV project in Latvia

Renewable energy company Green Genius, which operates in eight European markets, is preparing to build a 100 MW solar PV project in Jēkabpils, Latvia. It is the company’s first project of this scale in Latvia.

 “Latvia has very good potential with attractive terms and reasonable regulation for solar PV development. We’ve been looking into it for quite some time now. I’m happy to announce a stepping into the project that will definitely have a tangible impact on Latvia’s sustainability and energy independence,” stated Simonas Šileikis, Head of Solar Business at Green Genius.

The 100 MW project will be one of the biggest solar PV power plants in the Latvian market, taking up over 151 ha. The power plant is expected to be fully authorised and ready for construction by June 2023. The total planned investment into the project is around €90 million. The company states that 100MW will save 100 000 tons of CO2 per year and the electricity generated will be enough to provide for about 41 000 households.

Green Genius entered the Latvian market in 2019 with smaller-scale B2B solutions and a long-term, large-scale renewable energy projects development projection. The Vilnius-based company develops biogas and solar, wind and hydrogen projects.

Source: Press release (labsoflatvia.com). Photo: public domain via Flickr

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