Swedish renewables developer Eolus and German counterpart PNE have formed a 50:50 joint venture to develop an approximately 1GW offshore wind farm in the Latvia Baltic Sea.
Eolus has been scoping out the project off the west coast of Latvia since 2020. It believes the project could produce about 4.5TWh of electricity per year.
The developers have applied for a research licence for the project. Once they receive this, Eolus and PNE plan to carry out surveys for an environmental impact assessment.
The developers expect to be able to bid for the rights to build the project in a forthcoming offshore wind tender.
Their announcement follows Baltic Sea states – including Latvia – vowing to cooperate more closely on offshore wind and target a near sevenfold increase by 2030.
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