Today, on 9 September, an agreement was signed between the Freeport of Riga Authority and the Lithuanian company SNG Solar on the lease of land in the Port of Riga in the Spilve Meadows area for the development of a solar energy park.
Riga Hydroelectric Power Plant (Latvian: Rīgas hidroelektrostacija, shortened Rīgas HES) is located just beyond Riga ''s southern border. It is geographically located in the town of Salaspils. Total installed power generating capacity is 402 MW. There are six generators, two transformers and two 330 kV power lines (to Salaspils and Bišuciems).
SNG Solar won the auction organised by the Freeport of Riga Authority for the land lease right and at the beginning of May the Freeport of Riga Board decided to enter into an agreement with the Lithuanian company. The total investment in the park is expected to be between EUR 60 and 80 million.
According to the agreement SNG Solar will build a solar power plant with a nominal capacity of 100 MW on an area of 177.2 ha on the Spilve Meadows site within five years, providing production of about 100 000 MWh of green electricity per year.
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