Nelja Energia AS, an Estonian renewable energy company majority owned by Norwegian Vardar AS, plans to build wind parks with a total capacity of 200 megawatt in neighboring Latvia, Baltic News Service reported, citing an interview with management board member Kalle Kiigske.
Total investment of about 500 million euros ($622 million) is planned, the newswire said. The company cited improving cooperation with Latvia’s new Economy Minister Daniels Pavluts as a key reason for the investment.
Nelja Energia has 12 wind parks, three of them in Lithuania, with a total capacity of 154 megawatt, BNS said.
To contact the reporter on this story: Ott Ummelas in Tallinn at firstname.lastname@example.org
To contact the editor responsible for this story: Balazs Penz at email@example.com