An international green energy company Ignitis Renewables, which is a subsidiary of Ignitis Group, is continuing their expansion in Latvia. The growing team is joined by Baiba Lāce, an executive with extensive business development experience. B. Lāce will start the role as a Head of Ignitis Renewables Latvia on 19 April and the initial task will be implementing the renewable energy business expansion strategy in the local market.

“Latvia is a part of our home market, where Ignitis Renewables is actively expanding its activities and sees great growth opportunities. A third of our total project pipeline is in Latvia. It’s natural that, by planning such a large expansion, we want to form a strong team of local professionals,” stated Thierry Aelens, CEO at Ignitis Renewables.

Within the coming years, Ignitis Renewables is planning to invest around EUR 700 million in Latvia. Most of the investments will be directed towards wind and solar energy. The wind farms and solar parks under development should start generating electricity starting from 2025.

“Today it’s never been clearer that we must generate greater volumes of green energy. We believe that Latvia has a great potential, and I will do everything to meaningfully contribute with my skills and experience to the effective operation of the company and development of new projects in my country,” said the new Head of Ignitis Renewables Latvia.

B. Lāce has an extensive experience in business and strategy development. Up until now she worked as a Board Member and Head of Administration at waste management and recycling company Grindplast, and previously she has worked as a CEO at Teikas Pasts, a company providing courier, delivery and transport logistics services.

The new Head of Ignitis Renewables Latvia will be responsible for a separate branch of the company and will be authorised to develop business based on the company’s strategy and lead local specialists. Green energy projects are planned for many years in advance, that’s why it will be equally important to develop and implement greenfield solar and wind projects while popularising green energy ideas.

Ignitis Renewables manages four wind farms in Lithuania, and its two other wind farms are in Poland and Estonia. Additionally, the company is developing around 400 MW of renewable energy projects. Currently, the company is developing new wind farm projects in Latvia, Lithuania and Poland. The company develops new projects in pursuit of Ignitis Group’s strategic goal to reach 4 GW installed green generation capacity in the Baltic region by 2030.