Sunly invests 100 million euros in energy park in Latvia

Estonian renewable energy developer Sunly is planning to invest around 100 million euros in a large hybrid energy park in northern Latvia. The project combines solar and wind energy with modern battery storage systems and is intended to strengthen the region's energy supply. The Latvian news agency LETA reported on this on May 28. The Baltic states have been pursuing the goal of increasing their energy independence and reducing their dependence on fossil fuels and former Russian energy imports for years. Hybrid energy parks are seen as an important component of the energy transition. Sunly is one of the fastest growing renewable energy developers in the Baltic States. The company focuses on solar, wind and storage projects in the Baltic states and Poland. Hybrid model with solar, wind and storage technology The project is being built near Matīši in the municipality of Valmiera. The plan is to combine solar and wind power plants with battery storage systems (BESS), which will be operated via a shared grid connection. According to Sunly, the existing solar park already has an installed capacity of 54 megawatts. The plant produces enough electricity each year to supply around 15,000 households. In the meantime, the company has also received the necessary planning permission to expand it into a fully-fledged hybrid energy park. Significance for the energy supply in the Baltic region The overall project could become an important addition to the energy infrastructure in the Baltic region. The region is increasingly investing in renewable energies in order to increase its security of supply and drive forward the energy transition. The official opening of the energy park is scheduled for June 4. During the event, Sunly will also announce a partnership with the British technology group Rolls-Royce. The collaboration will focus on the development of battery storage systems. According to LETA, this could result in Rolls-Royce's largest energy project in the Baltic region to date. The post Sunly invests 100 million euros in energy park in Latvia appeared first on ostwirtschaft.de.