Locmelis_Kristaps_Latvenergo_BSPC_16102023
We energize the growth of societyBSPC Working Group onEnergy Security, Self -sustainability, Resilienceand Connectivity16 October 2023The road to theclimate neutralityfrom industryperspectiveLatvenergoGroup profileBaa2 credit rating withstable outlook by Moody’s100% owned by theRepublic of Latvia A3 / A+ / A–More than 80 years ofexperience in energy sectorOne of the leading energysuppliers and leader ingreen energy generationin the Baltics29Balanced and environmentally friendly energygeneration portfolio•Electricity and thermal energy in Liepaja•Mainly uses a renewable energy source –woodchips•Small decentralized HPP, WPP, solarSmalldecentralizedplantsHydropower plants(HPP)•100% green energy•1,558 MWel•3 HPPs•Generation ability depends on water inflow inthe Daugava River•Possibility to accumulate water and adaptgeneration•Electricity and thermal energy•1,039 MWel; 1,617 MWth•2 CHPs•Upgraded and highly efficient•Uses natural gas –the mostenvironmentally friendly typeof fossil fuelCombined heat andpower plants (CHP)Liepaja districtheating (DH)plants❑Water❑Biomass and wind❑Natural gas0 10 20 30 40 50 60 70 80 90 100Generation 20223Supply balance in Latvia can be changed swiftly4Daugava HPP notsuitable forlong period balancing(depends on water inflow )Riga CHP suitable for longerperiod balancing. Oftenreplaced by lower priceimports from Nordic , NWEurope (wind, solar etc.)Untapped wind potential, toreplace importsThe road to the climate neutralitySolar ElectromobilityWind5Latvenergo Group Contribution•Our strategic objective to double the generation capacity by 2030•Maintaining and improving efficiency of hydropower units•Improving efficiency and reducing CO2 emissions of natural gascogeneration plants•Developing the charging network for electric vehicles in Baltics• Electrification solutions (heat pumps, efficient lighting , e-scooters ,etc)•Increasing distribution network efficiency and resilience following distributedgeneration and electrification trendsDistributionTaxonomy 2022Revenue CAPEX◼Taxonomy -alignedactivities◼Taxonomy -eligibleactivities87% 39% 47%OPEX◼Taxonomy -non-eligibleactivitiesUntapped RES potentialin Baltics....5The Baltics states have a great potential insupplying the EU with green energy andLatvia is leading among themThe local consumption is relatively small,hence most of the output can be exportedOff-shore wind generation potential | LV, LT, EE7 GW14.5 GW4.5 GWSource : Study onBaltic offshore wind energy cooperation under BEMIP (2019)6.... and barriers to tackleSource : EC study «RES Simplify », Eclareon consultants (2022)In Latvia at least three major obstacles for wind PPdevelopment are identified:-time consuming, severe environmental permits-grid connections-military restricted areasImportance of interconnections or hydrogen7Source : Estonian Wind Energy Conference , Tallinn Feb2022Baltic WindConnector to improve security ofsupplySomething to learn from the neighbors8Latvenergo ASPulkveza Brieza Street 12Riga, LV-1230, Latviawww.latvenergo.lvwww.elektrum.lvLatvenergolatvenergo_LatvenergoLatvenergo VideoContacts