News

Utilitas acquires 58.8MW Tārgale wind park project in Latvia

We are pleased to announce that Superia acted as the financial adviser to energy group Utilitas in acquiring the wind park project located in Tārgale, Western Latvia.

14 wind turbines with 4.2MW turbine capacity will be installed in the park in 2022, with the first construction works starting in 2021. Estimated annual production is 155 GWh of electricity per year, which is enough to satisfy the energy needs of more than 50 thousand households.

Utilitas is the largest producer of renewable energy in Estonia. In 2020, Utilitas produced 1.7 TWh of heat and 394 GWh of electricity, of which 75% was from renewable sources.

 

For more information please contact:

 

Lauris Balga

Partner

lauris.balga@superia.lv

+371 2926 7470

 

Henrik Igasta

Managing Partner

henrik.igasta@superia.ee

+372 50 67 170

 

Sigvards Dzelzkalējs

Associate

sigvards.dzelzkalejs@superia.lv

+371 2702 4359

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