Citadele bank finances two hybrid energy parks in Livani and Kraslava

Citadele bank has provided 3.9 million euros for the development of two hybrid energy parks in Latgale, in eastern Latvia, located in Livani and Kraslava. Both projects were developed by the company Aretis Group and combine solar power plants with battery energy storage systems (BESS). This setup lets the stored electricity be fed into the grid when demand is highest, strengthening the stability of Latvia's power system.

Capacity and technology

The Livani park has a 4.4 MW / 10.32 MWh battery system and a 4.4 MWp solar plant. In Kraslava, the battery system is rated at 4.0 MW / 10.32 MWh, and the solar plant at 4.0 MWp. The source describes them as among the largest operating hybrid energy parks in the Latgale region.

The electricity produced by the plants can supply more than 3,600 households. The batteries make it possible to deliver stored solar power to the grid in the morning and evening, when consumption peaks, and so to make solar energy available during the dark hours as well.

Both stations are connected to the infrastructure of Sadales tikls, the distribution network operator, but they also provide balancing and frequency regulation services to Augstsprieguma tikls, the transmission system operator. The plants began providing these services in the summer.

Construction and partners

Construction began in the summer of 2025, and the plants were commissioned in March this year. The battery equipment comes from manufacturers Kehua and CATL. Construction and installation were carried out by the Latvian company KL Systems, which has spent more than 15 years delivering energy projects in Germany, Italy, Spain, the United Kingdom and elsewhere. The development finance institution ALTUM provided a guarantee covering 80% of the battery systems' leasing amount.

Artūrs Plūme, head of Aretis Group, says such projects make a significant contribution both to the power system and to the towns where the parks are located. Vaidas Žagūnis, Citadele board member responsible for corporate clients, stresses that the funding shows the bank's wish to build long-term partnerships in sustainable energy.