Wind farm projects hoping for state support will have to make way for those ready to implement them independently, said Climate and Energy Minister Kaspars Melnis (Union of Greens and Farmers – ZZS) in a statement to LETA.
He explained that Latvia does not plan to introduce support payments for renewable energy projects, including wind power. The Ministry of Climate and Energy (KEM) holds regular meetings with renewable energy developers to provide updates on energy policy, including upcoming regulatory changes.
“Despite the fact that we import or generate about a quarter of our electricity from fossil natural gas, Latvia will not introduce a new mandatory procurement component (OIK) in the electricity market—even for renewable energy projects. If a developer believes they cannot implement their project without state support, I encourage them to explore options in another country,” said Melnis, emphasizing that Latvia already has a sufficient number of wind projects ready to proceed without state aid.
The minister stressed that large-scale wind projects could help ensure cheaper energy, strengthen energy security, and attract investment to the state budget—funds that could be redirected to sectors like healthcare, education, or defence. However, at present, there is no basis—even theoretical—for state financial support for such projects.
According to Melnis, Latvia needs 1.5 to two gigawatts (GW) of low-cost electricity to enhance energy security and achieve energy self-sufficiency.
Based on development trends, experts believe that around 2GW worth of projects will be implemented—only about a third of the currently reserved grid capacity (5.6GW).
“In total, developers are evaluating opportunities to build nearly three times the reserved capacity. This means Latvia has a real chance to secure the required energy volumes under free market conditions, ensuring competitive electricity for both households and the economy,” Melnis noted.
He also pointed out that on the 27th of August 2023, the Cabinet of Ministers approved regulations developed by KEM that require wind park developers to contribute to local communities—providing financial benefits to municipalities and residents living near wind farms.