Wednesday, 17 June 2026
Futureal Energy Partners (FEP) has entered the Baltic energy storage market through the acquisition of a battery energy storage system (BESS) portfolio in Latvia from Aretis Group.
The transaction comprises two projects in the Riga area with a combined capacity of 45 MW and 120 MWh. The portfolio includes the Bolderaja project, with a planned capacity of 15 MW / 40 MWh, and the Bisuciems project, with a capacity of 30 MW / 80 MWh.
The projects were developed by Aretis Group and have secured grid connection agreements and building permits. Construction is scheduled to begin in July 2026, with commercial operations expected to start in November 2026.
Located in the Riga metropolitan region, the battery storage facilities are intended to provide balancing and ancillary services to the electricity grid. Demand for such services has increased following the synchronization of the Baltic electricity networks with the continental European power system in 2025.
The acquisition marks Futureal Energy Partners’ first investment in the Baltic energy storage sector and expands its renewable energy portfolio across Central and Northern Europe.
The company’s existing portfolio includes solar photovoltaic and battery storage projects in Finland, a large-scale solar development in Hungary and a 45 MW onshore wind project under construction in Poland.
