Bloomberg News

Estonia’s Nelja Energia Plans Latvian Wind Parks, BNS Reports

August 22, 2012

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 oummelas@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net


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