Nordic renewable energy developer Vindr has been selected in an auction by Latvian State Forests (LVM) to develop a new wind park within LVM territories in the Augšdaugava region of Latvia. The project will span 3,000 hectares and represents a shift in Latvian wind energy production, traditionally concentrated in the country's western areas, towards the Latgale region.
“Renewable energy production in Latvia not only reduces electricity prices throughout the region and strengthens the country's energy independence but also promotes overall public welfare,” said Vindr's business development manager in Latvia, Dmitrijs Guzs. He emphasized that the Augšdaugava wind park aligns with the company's goal of creating sustainable investments that benefit the local community and foster balanced economic growth.
Winning the LVM auction is a step forward in Vindr's strategic ambition to become a leading renewable energy provider in Northern Europe. The company's commercial director Mārtiņš Vonda commented on the project, stating, “Considering the significant need to promote renewable energy production in Latvia and the European Union, we look forward to effective cooperation with local and state institutions to ensure rapid project development.”
Prior to construction, Vindr must conduct a series of environmental and technical studies and coordinate closely with state and municipal authorities. Vindr has been active in renewable energy development in the Nordic region since 2019, with projects in Norway, Sweden, and Estonia. In addition to its current wind portfolio, the company has also ventured into solar energy through its subsidiary, Alsun Energy, which is developing large-scale solar projects in Latvia's Kuldīga region.
Vindr currently operates 72 solar and wind projects across four countries with a combined capacity of 15.8 GW and aims to invest €1.3 billion in further development by 2030, including €300 million for planned Estonian projects by the end of the decade.
