72.5 MW Stelpe solar farm II in Latvia reaches the commercial operation date

Summary by AI BETAClose X

Ignitis grupė announces that Stelpe solar farm II in Latvia, controlled by UAB “Ignitis renewables”, has reached its commercial operation date. The solar farm has a total installed capacity of 72.5 MW and is equipped with 121,000 solar panels, covering 85 hectares. Total investments in the project, including acquisition and construction costs, amount to approximately EUR 54 million. Stelpe solar farm II is part of a larger project with a combined installed capacity of 145 MW, intended to cover the electricity demand of around 70,000 households. With this addition, the Group’s installed Green Capacities now amount to 2.1 GW. The announcement does not affect the Group’s Adjusted EBITDA and Investments guidance for 2025.

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