Neutral
Informational - no clear directional impact
Low Impact
Minor progress or informational
Eolus and PNE formed a joint venture to co-develop the approximately 1,000 MW Kurzéme Offshore wind project in the Baltic Sea off Latvia’s west coast, with development concentrated in the project company SIA Kurzéme Offshore, now owned 50/50 by the two partners. The move builds on initial project development work undertaken by Eolus since 2020 and is intended to pool both companies’ offshore wind expertise ahead of a planned commercial operation start before 2030.