September 14 (Renewables Now) - Swedish firm Eolus Vind AB (STO:EOLU-B) plans to invest EUR 250 million (USD 292.4m) to install a 51-turbine wind park in Latvia, LETA reports, citing a company official.
The wind park will be situated in the Dobele and Tukums regions of western Latvia and will be the largest facility of its kind in the Baltic country, once completed, Eolus board member Gatis Galvins told the local news agency.
Work is to be initiated at the end of this year or early in 2019 and the park is to be completed in 2022. The wind project developer is currently busy with the environmental impact assessment. It expects to select construction contractors and equipment suppliers in the near future.
The proposed wind farm’s output is expected to be around 0.7 TWh, or as much as is needed to meet around 10% of Latvia’s total power consumption, according to the report.
(EUR 1.0 = USD 1.170)