What is the latest status of the project “Latvia Solar Parks by Sunly”?

The status recorded for “Latvia Solar Parks by Sunly” is planned.

Who are the main government, EPC, and private stakeholders for “Latvia Solar Parks by Sunly”?

Taiyo maps the stakeholders of “Latvia Solar Parks by Sunly”: banks/investors (European Investment Bank, European Bank for Reconstruction and Development, SEB).

What is the budget and commercial profile for the project “Latvia Solar Parks by Sunly”?

Taiyo normalizes the budget of “Latvia Solar Parks by Sunly” to USD 219617631.5.

Where can I verify the source and access all details for “Latvia Solar Parks by Sunly”?

This Taiyo project page references The European Sting along with the original URL (https://europeansting.com/2025/08/01/latvia-to-get-solar-power-boost-as-energy-company-sunly-receives-almost-e85-million-international-financing/). Taiyo standardizes official data into a consistent, searchable project profile.

Latvia Solar Parks by Sunly

Sector: Solar • Location: Latvia

Source: The European Sting

Project

Planned

Sunly, an Estonia-based renewable-electricity provider, is building four solar parks in Latvia with a total capacity of 329 MW, enough to meet the annual electricity consumption of up to 180,000 households. The parks are located near Matīši village in Valmiera Municipality (54 MW), in Dagda Parish, Krāslava Municipality (90 MW), near Barkava village in Madona Municipality (81 MW), and in Zirņi Par

Status: Prospective
Sector: Solar, Energy Storage, Power Generation (CCGT), Wind, Government, Commercial
Location: Latvia
Updated: 22 Jul 2026
Source: The European Sting

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Project Information

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The project “Latvia Solar Parks by Sunly” is an infrastructure initiative in the Solar sector, located in Latvia. Taiyo aggregates data on it from The European Sting.

Participants

Not available for this record.

Status

Original status	planned
Taiyo status	Prospective
Taiyo last update	2026-07-22

Contact

Not available for this record.

Description

Description	Sunly, an Estonia-based renewable-electricity provider, is building four solar parks in Latvia with a total capacity of 329 MW, enough to meet the annual electricity consumption of up to 180,000 households. The parks are located near Matīši village in Valmiera Municipality (54 MW), in Dagda Parish, Krāslava Municipality (90 MW), near Barkava village in Madona Municipality (81 MW), and in Zirņi Parish, Saldus Municipality (104 MW). The project aims to accelerate the Baltic region's shift to clean power and enhance Latvia's energy independence. The solar parks are planned to be completed by early 2027 and are financed through international loans without government subsidies or long-term power contracts. The broader ambition includes developing these sites as hybrid parks by integrating wind energy and battery storage systems in the future.
Original sector	Energy
Budget

Location

Country

Latvia

Source

Source	The European Sting
URL

More Details

Record type	Project
Sector	Solar, Energy Storage, Power Generation (CCGT), Wind, Government, Commercial
Article published date	2025-09-16

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Latvia Solar Parks by Sunly

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