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Eolus and PNE have created a joint venture for developing the Kurzéme offshore wind project in Latvia. The wind farm will have approximately 1,000 MW installed capacity with planned commercial operation start before 2030.
The project area is located in the Baltic Sea off the west coast of Latvia. Eolus has conducted initial studies and developed the project since 2020. PNE has acquired 50 percent of the shares in the project company SIA Kurzéme Offshore, which is now owned 50/50 by Eolus and PNE. Application for the project has been submitted and surveys for the Environmental Impact Assessment (EIA) will be conducted once research license is obtained. The area is subject to an upcoming tender process. Watson Farley & Williams has advised PNE on the formation of its joint venture with Eolus Group.
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