Renewable energy development company Ignitis Renewables has become a member of the Foreign Investors’ Council in Latvia (FICIL).

“Ignitis Group, the largest energy group in the Baltics, has recently entered Latvia’s energy market and is actively seeking investment opportunities in solar and wind energy projects. We see that our values of responsibility, partnership, openness, and growth are aligned closely to those of FICIL’s. Ignitis Renewables is committed to contribute to the development of renewable energy market, community, and good corporate governance,” says Baiba Lāce, the Country Manager at Ignitis Renewables Latvia.

Ignitis Renewables is an international green energy company operating in the three Baltic states and Poland. Its objective is to develop a low-carbon electricity generation portfolio with a focus on offshore wind, onshore hybrid, Power-to-X and storage technologies. By developing new projects, the company is implementing the strategic goal of Ignitis Group to enable green and flexible capacity build-out and to deliver 4–5 GW of installed green generation capacities by 2030.

FICIL is a non-governmental organisation, which unites large foreign-owned companies from different industries, foreign trade chambers and Stockholm School of Economics in Riga. FICIL’s mission is to use the experience and knowledge of its members to provide recommendations for public sector to improve Latvia’s business environment and competitiveness in attracting foreign investment.