en.Wedoany.com Reported - The European Investment Bank (EIB) has invested €20 million in green bonds issued by Latvenergo to support the development of renewable energy and sustainable infrastructure in Latvia.

The EIB stated that this investment is part of Latvenergo's €300 million seven-year bond issued under its Euro Medium Term Note Programme, which complies with the European Green Bond Standard. The financing will be used for projects such as onshore wind power, battery energy storage systems, hydropower upgrades, and solar photovoltaic installations.

The investment aims to accelerate Latvia's transition to a more sustainable and secure energy system.

The EIB noted that this operation reinforces its commitment to promoting green finance and developing the Baltic capital markets, helping to mobilize more private capital and expand sustainable financing channels in the region. The investment also supports the development of the green bond market in the Baltic region and the promotion of the European Green Bond Standard.

Karl Nehammer, Vice President of the European Investment Bank, stated that this move is helping to accelerate the clean energy transition in Latvia and the broader Baltic region, demonstrating how capital markets can mobilize large-scale investments in renewable energy and strengthen Europe's energy security.

Guntars Baļčūns, Member of the Management Board and Chief Financial Officer of Latvenergo, said that the company positions itself as a sustainable energy enterprise in the region, and its partnership with the EIB spanning over 25 years reflects a shared commitment to advancing the Baltic energy transition, supporting high sustainability standards, and driving long-term growth strategies.

This article is compiled by Wedoany. All AI citations must indicate the source as "Wedoany". If there is any infringement or other issues, please notify us promptly, and we will modify or delete it accordingly. Email: news@wedoany.com