Legacy Forged. Mission Unchanged.
Latvia abolishes the state energy monopoly. We enter the market and form single-purpose companies for each project.
1998
Cirišu 1MW Hydropower Plant
Our first build was Cirišu HES, a 1 MW hydroelectric power station. The work spanned site selection, environmental approvals, hydraulic modeling, turbine/generator procurement, and grid-connection compliance. We implemented modern protection systems and prioritized stable baseload output over theoretical nameplate peaks.
1999
Windau 4MW
With Windau SIA, we delivered a combined heat and power plant in Bauska based on Jenbacher gas engines. The project was designed to provide predictable electricity while supplying dependable heat to local consumers—maximizing fuel efficiency through cogeneration. Our scope covered EPC coordination, grid studies, heat-network interfaces, and long-term service arrangements to minimize downtime. The asset’s performance and contract structure made it attractive to international buyers; we sold the company to Preusag Noel (Germany) and Nycomb Ltd (Sweden). Windau confirmed a core thesis for us: disciplined CHP can deliver stable returns and real local benefits when engineered and contracted correctly.
2002
BK Energija & Veja Parks 21.74 MW
We moved into utility-scale wind with two projects—BK Energija and Vēja parks 10–20—totaling 21.74 MW. At the time, Vēja parks 10–20 was among the largest wind parks in Eastern Europe. We standardized on Enercon technology, valuing its reliability and strong European service network, and we coordinated environmental diligence, land control, and grid integration in parallel to compress timelines. Outputs exceeded initial P50 expectations due to careful micro-siting and operations discipline. Exits: Vēja parks 10–20 was sold to a UK investor; BK Energija was sold to Fortum Latvija. These sales validated our build-to-core strategy and funded the next development cycle.
2008
Daugavpils CHP 24.4 MW
In Daugavpils we delivered two CHP assets—BK Energy (4.0 MW(e) / 12 MW(th)) and Energy Comunication (4.0 MW(e) / 4.4 MW(th))—to stabilize local power and heat at competitive cost.
The projects integrated modern controls, redundancy for winter reliability, and contracts aligned to heat-demand seasonality. Our team coordinated permitting, fuel contracts, interconnection, and performance-based O&M to ensure bankability. Both companies were later sold to Fortum Latvija, reflecting the assets’ quality and the strength of their commercial frameworks. The Daugavpils builds reinforced our capability to deliver multi-asset programs in a single municipality without compromising execution pace or safety.
2014
Sprino Biomass Heat 15 MW
Sprino SIA commissioned a 15 MW wood-chip boiler house to decarbonize heat supply with local biomass. We focused on fuel-supply logistics, emissions controls, and integration with existing heat networks to reduce fossil reliance while keeping tariffs predictable. The plant’s design emphasized high availability and straightforward maintenance, with conservative assumptions for moisture content and seasonal variability. The project delivered immediate carbon and cost benefits to the community. We later sold the asset to Fortum Latvija, transferring a stable, well-documented operation ready for long-term stewardship within a larger district-heating portfolio.
2017
Vides Energy 6.9MW
In Liepāja we built a 6.9 MW wind farm optimized for Baltic coastal wind regimes. The development covered wind resource assessment, grid-impact studies, turbine selection, and civil/elec works in a compact construction window. Our contracting approach prioritized availability guarantees and rapid spare-parts support to protect annual energy production. The company was subsequently sold to a Swiss investor Clean Energy Holdings after we completed commissioning and handed over full technical documentation. The project is a concise example of our development model: de-risk early, build tightly, and exit cleanly to long-term owners once performance is proven.
2018
Windhan 250 MW
Windhan is the anchor of our Kazakhstan platform: a utility-scale onshore wind project sized for meaningful grid impact and institutional capital. Workstreams cover land control, wind-resource validation (mast/LiDAR campaign), environmental and social due diligence to international lender standards, and interconnection design aligned with the regional grid plan. We’re vendor-agnostic on turbines to preserve pricing power, with layouts optimized for capacity factor and wake losses. Balance-of-plant is scoped for fast construction windows and straightforward O&M access. Commercially, the project is structured around a state-utility off-take pathway with bankable risk allocation.
Status: advanced development—permitting, land, grid studies, and commercial framework prepared; procurement and financing next.
2018
Cogenhan 100 MW
Cogenhan is a modular, high-efficiency CHP designed to deliver stable electricity alongside industrial-grade heat/steam. The concept uses proven gas technology, redundancy for high availability, and performance-based service to protect output. We’ve planned interconnection and heat-offtake interfaces in parallel, with siting that shortens thermal runs and improves overall efficiency. Emissions controls and monitoring meet modern standards, and the plant layout enables phased capacity additions to match demand. Commercially, Cogenhan pairs power sales with contracted thermal off-take to stabilize cash flows and enhance bankability.
Status: advanced concept—site and grid feasibility, thermal-offtake structure, and permitting path defined; next steps are EPC tendering, fuel contracting, and financing.
Status: advanced development—permitting, land, grid studies, and commercial framework prepared; procurement and financing next.
2018
Sun Solutions 50 MW
Sun Solutions complements Windhan by adding daytime output that flattens the portfolio’s production profile. The project is engineered around proven PV technology with conservative assumptions on soiling, temperature, and degradation. We’ve validated solar resource and designed for efficient DC/AC sizing, robust inverters, and low-maintenance cabling and mounting. Interconnection leverages proximity to existing substations to minimize losses and capex. Environmental and social diligence follows international benchmarks, with construction logistics planned to reduce disturbance. The commercial model aligns with the same off-take pathway as Windhan, simplifying financing and operations across the platform.
Status: mid-to-late development—site control, resource, and grid concept in place; EPC/OEM competition and financing path prepared.Status: advanced concept—site and grid feasibility, thermal-offtake structure, and permitting path defined; next steps are EPC tendering, fuel contracting, and financing.
Status: advanced development—permitting, land, grid studies, and commercial framework prepared; procurement and financing next.
