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energy storage market latvia
This paper considers the potential for energy storage in Latvia and Lithuania with a particular focus on electrical energy storage benefiting from price arbitrage.

Latvia unveils first grid-scale battery as it prepares to
Hoymiles supplies the batteries as Latvia activates its first utility-scale battery energy storage system (BESS) ahead of planned decoupling

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A solar PV plant in Latvia that Latvenergo deployed via subsidiary Elektrum. Image: Latvenergo. Latvia state-owned utility and power generation
FAQs 4
What is the current capacity of electricity generation facilities in Latvia?
For comparison, the current total capacity of electricity generation facilities in Latvia is less than 3 GW [1-2]. Average total annual electricity demand in Latvia in the last 10 years has been approximately 7 TWh, and the current trend is inclined towards decrease of consumption.
How much electricity is produced in Latvia in 2025?
In Latvia, electricity generation in the Energy market is projected to reach 7.84bn kWh in 2025. An annual growth rate of 0.89% is anticipated from 2025 to 2029. Furthermore, the overall emission intensity in Latvia is expected to be 79.15gCO2/kWh in 2025.
What is the projected growth rate for Latvia in 2025?
An annual growth rate of 0.89% is anticipated from 2025 to 2029. Furthermore, the overall emission intensity in Latvia is expected to be 79.15gCO2/kWh in 2025. Latvia is increasingly investing in renewable energy sources, aiming to enhance energy independence and reduce reliance on fossil fuel imports.
How much power does Latvenergo have?
It operates 2.7 GW as of 2024, 60% of which is hydropower produced on the Daugava River by three HPPs: Plavinas (908 MW), Riga (402 MW), and Kegums (248 MW). Latvenergo also operates 1040 MW of CHP. Domestic energy resources are limited. The (economically exploitable) hydroelectric resources are estimated at 3.9 TWh.
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