The Freeport of Riga Authority has been implementing a strategic project for the development of wind technology production in Kundziņsala.
The purpose of the project is to create an appropriate port logistics infrastructure in the northern part of Kundziņsala to support the production of offshore and onshore wind technologies and their components.
The total investment in the port infrastructure development will amount to approximately EUR 86 million, of which EUR 54,863,264 has been allocated with the support of the Strategic Technology for Europe Platform funding from the European Regional Development Fund and EUR 9,681,752 co-financing from the State budget of Latvia.
In December 2025, the first public procurement was successfully completed, and the design and construction of the area access roads and level crossings will commence shortly according to the order of the Freeport of Riga Authority.
The developed port logistics infrastructure, together with the three adjacent territories, will be leased to manufacturers of offshore and onshore wind technologies and their components for the development of their production facilities.
To ensure compliance with the European Commission’s requirements, producers and investors shall be selected through a competitive, transparent procedure for setting a market price for the use of the infrastructure.
According to Minister of Economics Viktors Valainis, the Ministry of Economics has promoted and supported the Kundziņsala project, both by ensuring the attraction of the necessary funding and by supporting the Port of Riga in negotiations with investors and manufacturers.
The main partner of the investor group and the project is a Lithuanian investor and developer of renewable energy and technological innovation projects UAB Vilniaus mokslo ir inovacijų centras.
The group of investors includes the leading private equity investment fund in the Baltic States UAB Lords LB Asset Management.
For the implementation of the project, a special-purpose company was established, owned by the main investors.
At the end of 2025, it signed an investment agreement with the Freeport of Riga Authority and will be responsible for the project management and investment administration.
The investment project will be implemented within the period from 2026 to 2032, with the investment volume reaching from EUR 160 to 250 million.
It is planned that the implementation of the project will create up to 300 direct and approximately 800 indirect jobs, promote the development of the circular economy, technological innovation, and high value-added growth of local production in the Baltic region.
