en.Wedoany.com Reported - Future Energy Partners has acquired a battery energy storage portfolio comprising two projects in the Riga region of Latvia, marking the company's first direct ownership of battery assets in the Baltic states.

The Budapest-based group stated that the acquisition covers two standalone projects in the Latvian capital region: a 15 MW/40 MWh facility in Bolderaja and a 30 MW/80 MWh facility in Bisuciems. Both projects have secured grid connection agreements and building permits.

Future Energy Partners said construction at both sites is expected to commence in July 2026, with commercial operations targeted for November 2026. These projects will provide ancillary and balancing services to support grid reliability and flexibility in the Latvian market.

Daniel Szentirmai, co-founder and CEO of Future Energy Partners, noted that the Baltic states have rapidly become one of Europe's most attractive energy storage markets, and this acquisition reflects the company's strategy of supporting grid stability through energy storage by investing in flexible energy infrastructure. The company stated that this transaction marks its first direct ownership of battery energy storage assets in the Baltic states.

Future Energy Partners entered the Finnish market in March 2026 and has since built a European portfolio, including solar and battery storage in Finland, utility-scale solar in Hungary, and a 45 MW onshore wind project under construction in Poland. Earlier this year, the company sold Tuovila, a 125 MW battery energy storage project in Finland, to Prime Capital AG.

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