Latvia''s Energy Strategy 2050 outlines major changes in renewable energy production and storage, with significant investments
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Danish renewables company European Energy has secured €37.9 million in financing for a major hybrid solar and energy storage project in Latvia, a landmark
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European Energy has announced the successful securing of €37.9 million in long-term project financing from Luminor Bank to develop a hybrid solar and battery energy storage
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Riga Energy Agency (REA) is a municipal agency founded in 2007 for the purpose of planning, management, monitoring and coordination of energy- and climate- smart and sustainable
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SunContainer Innovations - Solar energy adoption in Riga has grown 42% year-over-year since 2020, according to Baltic Renewable Energy Reports. But here''''s the catch - without proper
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European Energy has secured EUR 37.9 million of long-term project financing for a hybrid solar and battery storage project in Saldus, Latvia. Once operational, it will be among
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Future-Proofing Through Policy Innovation Riga''s municipal code now mandates 2-hour storage capacity for all new solar installations over 50kW. This forward-thinking regulation created a
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Latvia''s Energy Strategy 2050 outlines major changes in renewable energy production and storage, with significant investments planned in wind, solar, biomass, and
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SUNOTEC acquires 400 MWp solar-plus-600 MWh storage project in Latvia, targeting grid connection by 2027 and bolstering the country''s expanding clean-energy ambitions.
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Image: Evecon. Clean energy investment company Niam Infrastructure and Estonian renewable power developer Evecon have announced plans to build a new solar-plus
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A 84 MW of solar and 26 MW of energy storage portfolio will be installed in Latvia under the Niam-Evecon partnership. Discover the full project details here.
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Image: Evecon. Clean energy investment company Niam Infrastructure and Estonian renewable power developer Evecon have
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The global utility-scale photovoltaic market is experiencing significant growth in Southern Africa, with demand increasing by over 400% in the past five years. Large-scale solar farms now account for approximately 70% of all new renewable energy capacity additions in the region. South Africa leads with 65% market share in the SADC region, driven by REIPPPP (Renewable Energy Independent Power Producer Procurement Programme) and corporate PPAs that have reduced levelized electricity costs by 60-70% compared to traditional power sources. The average project size has increased from 10MW to over 50MW, with standardized EPC approaches cutting installation timelines by 65% compared to traditional solutions. Emerging technologies including bifacial modules and single-axis tracking have increased energy yields by 25-35%, while manufacturing innovations and local content requirements have created new economic opportunities across the solar value chain. Typical utility-scale projects now achieve payback periods of 4-6 years with levelized costs below $0.04/kWh.
Containerized energy storage solutions are revolutionizing power management across Southern Africa's industrial and commercial sectors. Mobile 20ft and 40ft BESS containers now provide flexible, scalable energy storage with deployment times reduced by 80% compared to traditional stationary installations. Advanced lithium-ion technologies (NMC and LFP) have increased energy density by 40% while reducing costs by 35% annually. Intelligent energy management systems now optimize charging/discharging cycles based on real-time electricity pricing, increasing ROI by 50-70%. Safety innovations including advanced thermal management and integrated fire suppression have reduced risk profiles by 90%. These innovations have improved project economics significantly, with commercial and industrial energy storage projects typically achieving payback in 3-5 years through peak shaving, demand charge reduction, and backup power capabilities. Recent pricing trends show standard 20ft containers (500kWh-1MWh) starting at $180,000 and 40ft containers (1MWh-2.5MWh) from $350,000, with flexible financing including lease-to-own and energy-as-a-service models available.