Latvia

Latvian state-owned companies to buy out Telia shares in Tet, LMT

July 17, 2025

Latvia’s Cabinet of Ministers decided on Tuesday that state-owned companies Latvenergo and the Latvian State Radio and Television Centre (LVRTC) will buy out stakes which the Swedish telecommunications company Telia [..]

Latvia

Latvenergo acquires Eolus wind park project Pienava Wind

June 12, 2025

Latvenergo has acquired the Pienava Wind farm project from Eolus, the company announced in a statement to the Nasdaq Riga stock exchange. The value of the transaction has not been [..]

Latvia

Latvenergo invests nearly EUR 6 million in solar power plant in Birzi

July 25, 2024

Latvian energy group Latvenergo has invested nearly EUR 6 million to develop a new solar power plant in Birzi, Jekabpils municipality, LETA was told at the company. The 11.7 MW [..]

Latvia

Latvenergo’s profits already being used for benefit of residents – politicians

June 4, 2024

A part of Latvenergo’s profit, which is transferred to the state budget, goes back to the benefit of residents and entrepreneurs, Minister of Economy Viktors Valainis (Greens/Farmers) told members of [..]

Latvia

Latvenergo plans to reach 30% of natural gas market

March 11, 2024

Latvenergo plans to reach a 30 percent share of the natural gas market in Latvia this year, Latvenergo’s Chairman of the Board Martins Cakste told LETA in an interview. Latvenergo [..]

Latvia

Latvenergo plans to start exports to Poland at the end of this year

March 7, 2024

Joint-stock power supply company Latvenergo plans to expand its export market by starting to export to Poland at the end of this year, Martins cakste, Chairman of the Board of [..]

Latvia

Cooperation suspended between Latvenergo and RWE in the development of offshore wind farms

March 6, 2024

Latvenergo and the German energy company RWE have suspended cooperation in the development of offshore wind parks, and Latvenergo has found a new partner for this project, Martins Cakste, Chairman [..]