How can Latvia reduce its reliance on foreign sources of energy?
The Latvian government is interested in diversifying supplies and in developing more local resources to reduce the country’s reliance on foreign sources of energy. To reach these targets, government agencies and entrepreneurs have discussed options to move beyond hydropower into wind and biomass power plants.
Is Latvia ready for a green energy transition?
Solar and wind energy production alone experienced an impressive 92% surge in compared to , and this momentum shows no signs of slowing down. Building on these achievements, Latvia has set ambitious targets for its green energy transition.
When will battery energy storage systems be installed in Latvia?
The most recent update regarding BESS installations is that in Tume and Rēzekne, Latvia’s transmission system operator “Augstsprieguma tīkli” (AST) in June installed battery energy storage systems with a combined capacity of 80 MW and 160 MWh, which will undergo testing until October .
Is Latvia moving towards sustainable transportation?
This is nearly at the ambitious 44.3% target set for and well above the EU average of 23%. The reduction in natural gas usage over the past decade is impressive as well; we’ve decreased it by 38.5%. The gradual rise in electric vehicle adoption signals Latvia’s shift toward sustainable transportation as well.
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Given Latvia’s high share of renewable electricity, the need for electricity storage technologies will increase significantly. However, there are also challenges, such as the need for additional investment in grid
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Latvia AC DC Power Supply Market (-) | Trends,
6Wresearch actively monitors the Latvia AC DC Power Supply Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis,
Latvia's path to energy transition: Expanding renewable energy
Given Latvia’s high share of renewable electricity, the need for electricity storage technologies will increase significantly. However, there are also challenges, such as the need
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In , Latvia ranked among the top three countries in the European Union for renewable energy use, with renewables accounting for 43.5% of our energy consumption. This is nearly at the
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This analysis includes a comprehensive Latvia energy market report and updated datasets. It is derived from the most recent key economic indicators, supply and demand factors, oil and gas
Latvia, a favourable environment for energy-sector investments
We are investing in and developing production of wind and solar energy, as well as battery storage systems, in recognition of the significant potential in the Latvian market. Our
