Futureal acquires 45 MW/120 MWh BESS portfolio in Latvia

Futureal Energy Partners has acquired a two-project battery storage portfolio in Latvia’s capital region, marking its first direct ownership of battery assets in the Baltic states.

The Budapest-based group said the acquisition comprises two standalone projects in Latvia’s capital region: a 15 MW/40 MWh facility at Bolderaja and a 30 MW/80 MWh facility at Bisuciems, both of which have secured grid connection agreements and building permits.

Construction on both sites is expected to begin in July 2026, with commercial operations targeted for November 2026, Futureal said. The company said the projects will provide ancillary and balancing services for grid reliability and flexibility in the Latvian market.

Daniel Szentirmai, co-founder and CEO of Futureal, said the Baltic states have rapidly emerged as one of Europe’s most attractive energy storage markets, and that the acquisition reflects the company’s strategy of investing in flexible energy infrastructure where storage supports grid stability. Futureal said the deal marks its first direct ownership of battery storage assets in the Baltic states.

Futureal Energy Partners entered the Finnish market in March 2026 and has since built a European portfolio that includes solar and battery storage in Finland, utility-scale solar in Hungary, and a 45 MW onshore wind project under construction in Poland. The company sold a 125 MW Finnish battery storage project, Tuovila, to Prime Capital AG earlier this year.