EuroEnergy acquires local partner shares and gains full ownership of Euro Energy Biogas Latvia

EuroEnergy, the renewable energy arm of the Libra Group operating throughout Europe, has acquired its local joint venture partner’s 50% of all its biogas business, land and license interests in Latvia. This portfolio comprises a total of seven Latvian biogas projects: four of which are operational (Piejura Energy, Vegi Eco, Ecozeta and Zemgali JR), and a further three which have been granted official development licenses (Dubnas Siltums, Naujenes Jauda, and Remas Energija).

The total installed generating capacity of the existing plants across the Cesvaine, Zemgali and Liepaja regions is 4.2 MW. As part of the buyout of its joint venture partner, EuroEnergy now has full ownership of the farming company Latvijas Ekozeme, the management company EuroEnergy Biogaze Latvija and the licence-holding companies which cover the three new projects. These plants are fully cleared for construction and together form a portfolio with estimated generating capacity of 5MW.

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