Latvia

The European Investment Bank (EIB) is lending Lithuanian water utility Vilniaus vandenys €50 million to bolster infrastructure in the capital Vilnius. The company will use the EIB loan to upgrade water and wastewater operations by digitising, reinforcing and expanding them.

The European Investment Bank (EIB), the Latvian government and the State Real Estate Agency (VNI) have joined forces to develop a military base and training area in the southeastern region of Selonia, along with a storage facility in Kuldīga Municipality. The initiative aims to enhance both national and regional defence capabilities.

Latvia is set to get more clean energy as a result of almost € 85 million in international financing for renewable-electricity provider Sunly. Estonia-based Sunly will use the loans from the European Investment Bank (EIB), the European Bank for Reconstruction and Development (EBRD) and SEB to build four solar parks in Latvia with total capacity of 329 megawatts (MW) – enough to meet the annual electricity consumption of up to 180,000 households.