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.
Elenger solar park in Olaine, Latvia
According to Margus Kaasik, Chairman of the Board of Elenger Group, green energy is becoming increasingly accessible to the company’s customers. “The solar power plant in Olaine is our second solar power project in Latvia – last year we opened a power plant there in Nīca, which we will complement with an energy storage system this year. In addition, we recently made the first cross-border biomethane trade transaction in Latvia. These projects mark Elenger’s strategic direction in the field of renewable energy, promoting the sustainable development of the energy industry in our region,” said Margus Kaasik, CEO of Elenger Group.
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.
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.
