Stelpe Solar Farm II Commences Operations with 72.5 MW Capacity
Stelpe Solar Farm II Start of Commercial Operations
AB “Ignitis grup?” proudly announces that its subsidiary, UAB “Ignitis renewables”, has officially launched the Stelpe solar farm II, marking a significant milestone in renewable energy generation.
Project Overview and Capacity
Located in the picturesque southern region of Latvia, the Stelpe solar farm spans an impressive 85 hectares, equipped with a staggering 121,000 solar panels, boasting a total installed capacity of 72.5 MW. This ambitious project represents an investment of approximately EUR 54 million, reflecting a strong commitment to sustainable energy solutions.
Part of a Larger Initiative
Stelpe solar farm II is a crucial part of a broader solar initiative that encompasses two sites, each with a capacity of 72.5 MW. Together, these sites drive a combined capacity of 145 MW, capable of satisfying the electricity needs of around 70,000 households. This substantial output highlights the group's dedication to expanding its renewable energy footprint.
Expansion of Green Capacities
With the commencement of operations at Stelpe solar farm II, Ignitis grup?'s total installed Green Capacities now stand impressively at 2.1 GW. This reflects the group’s ongoing efforts to enhance its renewable energy capabilities and commitment to sustainable practices.
Strategic Goals for Increased Green Capacities
The group remains focused on its strategic goal of expanding its Green Capacities from 1.4 GW in the near future to between 4 to 5 GW by 2030. This ambitious initiative underscores the importance of renewable energy in the region and the group's role in leading this transition.
Investment Impact and Insights
Stelpe solar farm II not only contributes significantly to the local energy supply but also reinforces the overall market position of Ignitis grup?. The financial implications of this project are noteworthy, as the group maintains its guidance for Adjusted EBITDA and investment strategies for the future.
Contact Information for Inquiries
For any additional inquiries or more detailed information, please reach out to Valdas Lopeta, who is the contact person for communication. You can contact him directly at +370 621 77993 or via email at valdas.lopeta@ignitis.lt.
Frequently Asked Questions
What is the capacity of Stelpe solar farm II?
The Stelpe solar farm II has a total installed capacity of 72.5 MW.
How much did the project cost?
The total investments in the solar farm amount to approximately EUR 54 million.
What are the environmental benefits of this project?
The project will generate enough electricity to power around 70,000 households, significantly contributing to renewable energy efforts.
What are Ignitis grup?'s future plans for renewable energy?
The group aims to increase its Green Capacities from 1.4 GW to between 4 and 5 GW by 2030, outlining a clear strategic growth plan.
Who can be contacted for more information?
Valdas Lopeta is the contact person for inquiries, reachable at +370 621 77993 or via email at valdas.lopeta@ignitis.lt.
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