72.5 MW Stelpe solar farm II in Latvia reaches the commercial operation date

Core Viewpoint - The Ignitis Group has successfully launched the Stelpe solar farm II, enhancing its renewable energy capacity and contributing to its strategic goal of increasing green energy production by 2030 [1][3]. Group Summary - The Stelpe solar farm II, located in Bauska municipality, Latvia, spans 85 hectares and features 121,000 solar panels with a total installed capacity of 72.5 MW [2]. - The total investment for the solar farm is approximately EUR 54 million, covering both acquisition and construction costs [2]. - The Stelpe solar project includes two sites, each with a capacity of 72.5 MW, resulting in a combined capacity of 145 MW, sufficient to meet the electricity needs of around 70,000 households [3]. - With the completion of Stelpe solar farm II, the Group's total installed Green Capacities have reached 2.1 GW [3]. - The Group aims to increase its Green Capacities from 1.4 GW in 2024 to a target range of 4–5 GW by 2030 [4].