Niam Infrastructure and Evecon advance 110 MW Renewable Energy Platform in Latvia

Total installed capacity grows to over 75 MW as new solar and energy storage projects begins construction. 

Niam Infrastructure, a Nordic real assets investor, announces the launch of the second phase of its renewable energy platform in Latvia, developed in partnership with Baltic clean energy developer Evecon. 

The platform was initiated in June 2024 through a joint venture between Niam and Evecon, targeting up to 110 MW of installed capacity in solar PV and battery energy storage. The construction of the first six projects, totaling 39.4 MW, is nearing completion and expected to begin delivering clean electricity to the grid during May 2025. 

The second phase, now starting construction, includes an additional four projects with a combined capacity of 36.3 MW. With this milestone, the platform’s total installed capacity reaches 75.7 MW. Completion of phase two is targeted by the end of Q1 2026. WiSo Engineering, a wholly owned subsidiary of the Evecon Group, continues in its role as EPC contractor across both phases. 

“This expansion reflects our strategy to invest in scalable, sustainable infrastructure that accelerates the energy transition” said Sverker Åkerblom, Founding Partner of Niam Infrastructure. “Latvia’s market fundamentals and regulatory outlook support long-term value creation, and we are pleased to deepen our collaboration with Evecon in the region.” 

“Partnering with Niam enables us to realise our ambition to develop clean energy at scale,” said Karl Kull, CEO of Evecon, “We look forward to delivering this next phase and continuing to build out resilient, future-proof energy systems across the Baltics.” 

Evecon is the leading privately-owned energy company in the Baltic States, developing an energy portfolio of more than 2.7 GW, with a focus on battery, solar, and wind park development. Evecon’s numerous projects include the largest solar park in the Baltics and the battery park under construction that will be the largest in continental Europe. 

 

About Niam Infrastructure 
Niam Infrastructure focuses on sustainable investments within renewable energy, transport, and telecom in the Nordic and Northern European regions. Our first fund targets small to medium-sized investments, emphasizing asset aggregation and risk reduction in sustainable infrastructure. Supported by the European Union under the InvestEU Fund, we leverage innovation, deep knowledge, and close collaboration with our partners to drive a greener and more sustainable future. 

 

This operation benefits from support from the European Union under the InvestEU Fund.