Energy industry in Latvia
The largest energy producer in Latvia is Latvenergo, which owns both the previously mentioned stations, with a total installed capacity of 2 606 MW
On November 1 Latvia's largest wind energy producer Utilitas Wind opened the first utility-scale battery energy storage battery system in Latvia with a total power of 10 MW and capacity of 20 MWh in Targale, Ventspils region.
The largest energy producer in Latvia is Latvenergo, which owns both the previously mentioned stations, with a total installed capacity of 2 606 MW of electricity and 1 793 MW of thermal energy. The company's revenues in 2023 totalled EUR 2034 million .
The production of various kinds of energy products from biomass is the most dynamically developing in Latvia. According to data for 2023, about 0.66 TWh was generated from biomass (Fig. 7), i.e. more than 4 times that coming from wind energy. The country operates biomass processing, refining, biogas, biodiesel, bioethanol and pellet production.
Local authorities are responsible for municipal energy supply and renewable energy projects, with Latvia's energy transition guided by the National Energy and Climate Plan and the Energy Strategy 2050.
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