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Byhmgard to Buy, Develop Two Latvian Battery Energy Storage System Projects

MT Newswires·01/07/2026 05:07:27
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05:07 AM EST, 01/07/2026 (MT Newswires) -- Byhmgard (SPIFF.ST) signed a letter of intent with an unnamed project developer to buy two ready-to-build battery energy storage system projects in Latvia. The Swedish renewable energy and battery storage company will acquire the projects, with a nominal capacity of 30 megawatts, for further development and commissioning, according to a Wednesday release. Byhmgard added that the two projects are anticipated to generate an initial annual revenue of 5.6 million euros upon completion.