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European Energy has commissioned its maiden renewable energy project in Latvia with 148 MW DC/110 MW AC capacity
Tārgale Solar Park is backed by a 110 MW corporate PPA with Apple; this is among the largest single-plant corporate PPAs in the Baltic states, it claims
The €80 million solar park is expected to generate 154,550 MWh annually, stated the developer
Denmark-based renewable energy company European Energy has inaugurated the 148 MW Tārgale Solar Park in Latvia. The project is supported by a 110 MW corporate power purchase agreement (PPA) with Apple and is among the largest single-plant corporate PPAs in the Baltic region, it claims.
Apple signed a contract with European Energy for the project in October 2025 as part of its investment in 650 MW of new solar and wind capacity (see Apple Invests In 650 MW New Solar & Wind Projects In Europe).
Located in Ventspils Municipality, the €80 million solar project is expected to generate around 154,550 MWh of electricity annually, enough to meet the needs of approximately 60,000 households.
The facility with its 148 MW DC/110 MW AC capacity was developed by European Energy in partnership with local stakeholders. It is co-owned by Danish pension fund Sampension, which holds a 50% stake with European Energy holding remaining 50%.
European Energy said the solar park supports Latvia’s renewable energy expansion while contributing to local development.
“This is our first completed project in the country and the first of several projects currently under development. Throughout the process, we have worked closely with local stakeholders and communities while contributing to the broader development of renewable energy in Latvia,” said Alnis Bāliņš, Country Manager of European Energy Latvia.
The Danish developer had unveiled plans for the Tārgale project in 2022. Back then it claimed it to be the largest solar park in the European nation (see Plans For Latvia’s ‘Largest’ Solar Power Plant).
The company is also progressing additional projects in Latvia, including a hybrid solar-plus-battery energy storage project in Saldus that is expected to be completed later in autumn 2026.
