📋 Tender Overview
Project ID: 56214
Status: Exploratory
Location: Latvia
Business Sector: Energy
Notice Type: Private
Environmental Category: B
Approval Date: 23 Jul 2025
Disclosure date: 18 Jun 2025
Project Description
The development, construction, and operation of a 112 MW wind farm in Smiltene, Latvia (the "Project"). The Project is owned by a limited liability company SIA WPR2 (the "Borrower" or the "Client"), incorporated in Latvia, which is co-owned by Taaleri SolarWind III Fund (managed by Taaleri Energia), and UAB Atsinaujinancios energetikos investicijos (AEI), a fund managed by Lords LB Asset Management.
Project Objectives
The Project will contribute to climate mitigation by adding new wind generation capacity to Latvia's national energy system.
Renewable energy is critical to Latvia's commitment to achieving climate neutrality by 2050. The additional capacity to Latvia's grid will enable the Project to accelerate the expansion of the country's wind sector, complementing hydropower generation by diversifying the country's renewable energy mix across seasons.
In addition, the Project will foster greater private sector participation in the market and stimulate further development of a competitive energy market, as the Project will rely on a combination of a power purchase agreement and market offtake, without the need for state aid in the form of feed-in tariffs or feed-in premiums.
Transition Impact
ETI score:67
Project contributes to the Green Transition Quality by increasing the share of renewable energy in Latvia's energy mix. It also supports the Competitive Transition Quality by enhancing market liquidity, as a large part of the generated electricity will be sold on the local electricity market.
