European Energy Launches Tārgale Solar Park in Latvia
The Tārgale Solar Park in Latvia has an installed capacity of 148MW-peak and an annual output of 154,550 MWh. This €80m project is the first of several renewable energy initiatives by European Energy in the region.
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European Energy has inaugurated the Tārgale Solar Park, its first grid-connected renewable energy project in Latvia, with an investment of €80 million. The facility, located in Ventspils Municipality, has an installed capacity of 148MW-peak and is expected to generate approximately 154,550 MWh of electricity annually, equivalent to the consumption of around 60,000 households.
Sampension, a Danish pension fund, owns a 50% stake in the project. The solar park operates under a Corporate Power Purchase Agreement with Apple. European Energy is also developing a hybrid solar park with battery storage in Saldus, set for completion in autumn 2026, indicating a continued commitment to renewable energy in Latvia.
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