English
Since the beginning of 2025, the Freeport of Riga Authority has been implementing a strategic project entitled “Creation of a port and logistics infrastructure 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 (EU STEP) - funding from the European Regional Development Fund and EUR 9 681 752 - co-financing from the State budget of Latvia.
Within the framework of the project, by 31 December 2029, the Freeport of Riga Authority shall carry out the construction of deep-water berths with enhanced load-bearing capacity, the installation of engineering networks, the development of access roads and railway crossings, the construction of a new logistics infrastructure and the reconstruction of the existing logistics infrastructure, as well as the reconstruction and construction of shoreline reinforcements and the dredging of the port water area. 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.
With the aim to monitor compliance with the principles of good governance and to promote transparency at all stages of the project implementation, the Freeport of Riga Authority has engaged the association “Sabiedrība par atklātību – Delna” to supervise the project “Creation of a port and logistics infrastructure for the development of wind technology production in Kundziņsala”.
The developed port logistics infrastructure, together with the three adjacent territories (total lease area 76 ha), 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. Subject to these conditions, on 13 October 2025, the Freeport of Riga Authority published the first international investor selection procedure, as a result of which an international group of investors was selected for partial lease of the port infrastructure and two land plots.
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. “I have also personally participated in dozens of investor negotiations, engaging with a wide range of companies and investors worldwide in cooperation with the Port of Riga and the Investment and Development Agency of Latvia (LIAA). A project of this scale, which creates unique infrastructure and provides Latvia with a competitive advantage among countries in the region, makes it possible to attract several hundred million euros in private investment, develop new export-oriented production facilities, and create several hundred new jobs. It is a clear example of Latvia’s tremendous growth potential, demonstrating that our economy can achieve significant results,” emphasized V. Valainis.
In the first selection phase lease rights were awarded to an international group of investors representing companies active in production and development of renewable energy, metallurgical components and wind technology components, as well as financial and strategic investors.
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 (VMIC).
The group of investors includes the leading private equity investment fund in the Baltic States – UAB Lords LB Asset Management. Equipment from the most modern German and Italian manufacturers of metallurgical technologies will be used for the project implementation. The manufacturing capacities of Latvian companies in which VMIC has invested will also be used in the framework of the project implementation, preserving existing jobs and creating new ones. VMIC is a majority shareholder in the Latvian wind technology component manufacturer SIA Madesta, which is a certified supplier of wind technology components to leading wind turbine manufacturers, including Vestas, Siemens Gamesa, Nordex and others.
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 envisages the production of wind technology components—such as towers, flanges, nacelles, and rotors—as well as their raw materials and semi-finished steel products, thereby creating an integrated green industrial cluster in the Port of Riga. This cluster will strengthen the European Union’s wind technology supply chain and contribute to the decarbonisation of the industry in line with the objectives of the European Strategic Technology Platform (EU STEP) and the Marienborg Declaration.
The investment project will be implemented within the period from 2026 to 2032, with the investment volume reaching from 160 to 250 million euros. 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.
“The development of the Kundziņsala Wind Technology Production Complex is strategically important for the Port of Riga, developing extensive port areas for modern production and logistics, as well as creating a unique infrastructure in the Baltic States for servicing large-scale wind technologies. This project will open up new opportunities and directions for cargo logistics, creating completely new cargo segments and directions”, emphasized Ansis Zeltiņš, the Freeport of Riga CEO.
A second investor selection procedure for leasing the remaining port infrastructure facilities and land plots will be launched at the beginning of 2026.
Information for media
- [email protected], +371 670 308 53
- Freeport of Riga Authority
- 12 Kalpaka blvd, Riga, Latvia, LV-1010
