Latvia Economic and Defence Update
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WHILE LATVIA IS TECHNICALLY CONNECTED TO BRELL SYSTEM, IT IS ALREADY
INTEGRAL PART OF SINGLE EU POWER MARKET AND HAS DIVERSIFIED POWER SUPPLY
Latvia has strong focus on energy security and renewables
Latvia can operate independently from Russia electricity
supply
From May 22, 2022 there are no electricity imports from
Russia, just parallel synchronisation operations
Large amount of electricity generated in hydropower plants,
and gas reserves provided by «Latvenergo» can be used for
production of electricity and heat in power plants
The Baltic region is connected to European power system with
four powerful interconnections. In case of sudden disconnection
from BRELL¹ system, emergency synchronization would be
immediately ensured
Latvia energy mix 2021
Latvia gross final energy
consumption in 2021
Latvia is among the greenest electricity producers in EU -
64% of electricity was generated from renewables in 20212
3rd highest overall share of gross final energy consumption
from renewable sources among EU countries in 20203
5th largest share of renewable electricity production among EU
countries in 20204
1BRELL: Belarus, Russia, Estonia, Latvia and Lithuania
2 Source: https://energy.ec.europa.eu/system/files/2022-10/LV_2022_Energy_Snapshot.pdf
3Source: https://ec.europa.eu/eurostat/statistics-explained/index.php?title=Renewable energy_statistics
4 Source: https://ec.europa.eu/eurostat/web/energy/data/shares
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■Natural gas
42%
37%
■Renewables
■Renewables and
biofuels
37%
■Oil and petroleum
products
58%
25%
1%
Other
Source: Eurostat
Other
Way forward
1990: focus on gas as a main source of electricity and heat generation
2020: diversification among hydropower, wind, solar, biomass and other
renewables, the share of the latter reaching 42% of gross final energy
consumption in Latvia
2050: continue to use hydropower, wind, solar, biomass, but fossils are
replaced with other renewable (potentially including hydrogen)
Full synchronization of Baltic power system with European Continental Network
by 2025. Fulzatdependente power syste
Several large investment projects planned, for example:
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ELWIND offshore wind farm project between Estonia and Latvia (planned to
be implemented by 2030)
Latvenergo and Latvijas valsts meži (state-owned land managed) in a joint
onshore wind parks project (planned to be implemented by 2030)View entire presentation