Estonia and Latvia have signed a Memorandum of Understanding that will lead to the two Baltic countries jointly developing an up to 1GW offshore wind farm in the Gulf of Riga.
Latvia and Estonia plan to raise EU funding for this joint wind farm project.
The plan is to prepare the project by 2030, raising co-funding for preparatory works and infrastructure from the Connecting Europe Facility (CEF). The project aims for building a high-capacity – at least 700-1,000 megawatt – wind farm.