Far-reaching plans to build a renewable energy complex with a terminal in the Port of Liepaja

In order to create further added value to the wind farm energy, Norwegian, Swedish, and Latvian companies have established a joint project management team SIA "CIS Liepaja", to conduct the necessary research and to build a renewable energy complex "Power to X terminal in the Port of Liepaja", including a hydrogen production plant and the port terminal by 2030. In this regard, the Liepaja SEZ Authority and SIA "CIS Liepaja" have concluded a two-year reservation contract for the potential construction site.

The intended complex of renewable energy resources with the terminal in the Port of Liepaja comply with the European Green Course aiming to achieve climate neutrality by 2050. As CEO of the leading project partner Clean Industrial Solutions AS, Tor Arne Pedersen, admits,
the total planned investment amount for the construction of the hydrogen production plant with the capacity of 1000 MW and the estimated production volume of 150 000 tons of hydrogen, would reach ca. one billion euros. He further added that the hydrogen market demand in the near future will be enormous, thus Latvia, and Liepaja in particular is now facing a great opportunity to launch the project of the first large hydrogen plant in the European Union.

He added that CO2 emissions leave a heavy impact on the changing climate conditions determining the necessity to focus on innovative solutions in line with the European Green Course initiatives. Moreover, also the energy sector needs to undergo major changes as
sooner or later the fossil energy resources will be replaced with the renewables, providing a better life for future generations.

The leading partner of the project, Clean Industrial Solutions Holding AS has set its main operational goal to make investments in innovative and sustainable development solutions, promoting the circular economy principles.

The Liepaja SEZ CEO Uldis Hmieļevskis: ""CIS Liepaja" is a project whose goal is to promote the provision of CO2-neutral energy for the EU internal market. We are pleased that one of the first modern hydrogen production plants is planned to be built right in the territory of the Liepaja Special Economic Zone, which fits in perfectly with the plans of "Fokker Next Gen N.V." company to establish a new generation hydrogen-powered aircraft assembly plant at the Liepaja Airport. And these are not the only projects that we implement together with
entrepreneurs to transform port operations and industry in accordance with the European Green Course."

By implementing the ambitious project, 80-100 new jobs for highly qualified specialists will be provided, promoting development of innovative technologies and science and research-based training programs. The project will also create new supply chains and increase export opportunities, as well as promote international recognition and increase competitiveness of the city and the port.