Wind Energy – Estonia and Latvia
Ignitis Renewables and Copenhagen Infrastructure Partners have signed an agreement to collaborate exclusively on offshore wind opportunities in Estonia and Latvia.
Both companies intend to jointly bid in the upcoming offshore wind tenders in these countries. The partnership leverages Ignitis Group’s leading market position in the Baltic region and CIP’s global offshore wind expertise.
Estonia’s adoption of a legal framework for offshore wind site allocation has paved the way for the utilization of extensive offshore wind potential. Meanwhile, Latvia continues to advance the development of legislation to realize their vast offshore wind potential.
Ignitis Renewables and CIP aim to become an active and long-term partner for the energy transition in the Baltic region, supporting Estonia and Latvia’s decarbonization targets and energy security ambitions through the deployment of offshore wind.
The companies will support efforts to develop an offshore wind industry in Estonia and Latvia, focusing on the establishment of a local knowledge hub and workforce to boost employment opportunities in this growing sector. Maximizing local economic benefits is key to establishing a solid foundation and sustainable investment environment.