On 26 November, Latvia’s Cabinet of Ministers approved a €64.5 million (around US$67 million) investment to develop the Freeport of Riga’s infrastructure, aiming to bolster offshore wind technology production in Latvia—a critical element for the European Union’s (EU’s) supply chain.
This initiative will establish a green industrial zone within the Freeport, enabling businesses to set up facilities for manufacturing offshore and onshore wind technology components.
The project involves creating a 300,000 m² green industrial area that will drive business growth and attract investments across an adjacent 600,000–900,000 m². Leasing the developed area to wind energy technology manufacturers is projected to generate more than US$165 million in exports, create 650 jobs, and contribute at least US$8 million annually in tax revenues.
Key infrastructure developments include the construction and enhancement of engineering networks, access roads, a railway crossing in the port area, deep-water berths with increased bearing capacity, new or upgraded logistics facilities, shore reinforcement, and dredging of the water area.
Furthermore, Kundziņsala, a pivotal multimodal hub within the Freeport and located near the main shipping canal, will play a central role in the project. Much of its territory, comprised of reclaimed land from dredging activities, is currently underutilized. Investments in Kundziņsala’s infrastructure will transform the area into a hub for clean and resource-efficient industrial activity, supporting logistics and production facilities for advanced wind technologies.
By 31 December 2029, the project aims to establish a 300,000 m² logistics infrastructure and attract at least two companies focused on offshore and onshore wind technology, aligned with the goals of the Strategic Technologies for Europe Platform (STEP).
This initiative supports the EU’s objectives of reducing strategic dependencies and advancing digital, net-zero, and biotech industries. Additionally, the Freeport of Riga will maintain the infrastructure and ensure its sustainability by securing US$42 million in private investment.