Executive summary – Latvia 2024 – Analysis
Electricity will be the cornerstone of Latvia''s energy transition. Latvia''s hydro-dominated electricity system provides a favourable starting point to use clean electricity to decarbonise other economic
Electricity will be the cornerstone of Latvia''s energy transition. Latvia''s hydro-dominated electricity system provides a favourable starting point to use clean electricity to decarbonise other economic
These developments highlight the country''s commitment to reducing reliance on fossil fuels, enhancing energy storage capabilities, and promoting innovation in renewable energy projects.
Renewable energy made up 26.2 % of the total energy used for heating and cooling in the EU. The share of electricity generated from renewables in the final energy consumption stood at 54.3
In Latvia, renewable energy sources account for a significant portion of the country''s electricity generation, with a target of 57% by 2030 [1]. Hydroelectric power is the main source of
Central Statistical Bureau data published on 10 September show that compared to 2020, gross consumption of renewable energy resources (renewables) in Latvia rose by 11.2 % or 8.3
The share of renewable electricity in 2023 was 54.3%, although the share of renewable electricity produced in Latvia was more than 75%. Hydropower dominates electricity production,
Renewables are an increasingly important source of energy as countries seek to reduce their CO2 emissions and dependence on imported fossil fuels. Renewables are mainly used to generate
Latvia plans to increase the share of renewable energy in final consumption to 60 percent by 2030, according to the updated National Energy and Climate Plan (NECP) for 2021-2023.
In 2023, Latvia ranked among the top three countries in the European Union for renewable energy use, with renewables accounting for 43.5% of our energy consumption. This is nearly at the ambitious
As the gross consumption of renewables is increasing, Latvia is getting closer to the strategic goal of the renewable energy sector – reaching 50.0 % of renewable energy in gross final
PDF version includes complete article with source references. Suitable for printing and offline reading.