Posts Tagged ‘Port of Riga’
Three international investors will develop wind technology production facilities on Kundziņsala
Over the course of the year, three international investors have been attracted while working on the European Union co-financed project “Creation of Port and Logistics Infrastructure for the Development of Wind Technology Production at Kundziņsala” at the Port of Riga. The companies plan to make significant investments in the offshore and onshore wind technology production facilities, their components, and related industries to be developed in the Kundziņsala area, creating more than 2,000 new jobs in the future. In March of this year, the Freeport of Riga Authority signed investment agreements with two of the investors attracted tin the framework of the project – UAB Eurostat 5 and Solidior Power Ltd.
Public funding for the project “Creation of Port and Logistics Infrastructure for the Development of Wind Technology Production at Kundziņsala” consists of co-financing from the European Regional Development Fund, the Freeport of Riga Authority, and the state, totaling 86 million euros, which is allocated for infrastructure development. Meanwhile, the three investors involved have committed to investing more than 700 million euros in the construction of production facilities in several phases by 2034.
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Originally published on 7 May
Read MoreDigital innovations for the future of ports featured at the German-Latvian Port Days
On April 15, in the framework of the German-Latvian Port Days in Hamburg, the Maritime Digital Innovation Demo Day took place, where innovative solutions – digital and autonomous technologies for port efficiency, safety and security – jointly created by Latvian and German partners were presented.
“What started with a visit and a signature is now becoming visible and tangible: this Demo Day shows how the partnership transforms into practical solutions. Hamburg and Riga combine technological excellence with a clear ambition to make our ports smarter, more efficient and future-ready. This is not about discussing innovations, but about implementing them together. In particularly challenging times, one thing is clear: those who work together move forward. Our partnership sends a powerful signal to the Baltic Sea region and to a strong, united Europe,” said Dr Melanie Leonhard, Minister for Economic Affairs, Labor, and Innovation of the Free and Hanseatic City of Hamburg.
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Originally published on 16 Apr
Read MoreAnother new innovative and military technology company in the Port of Riga
Ship design and construction company “Latitude Construction”, working under the Latitude Yachts brand in the Port of Riga, will establish a new company “Latitude Naval Technologies” with the aim to develop modern offshore platforms for security and defense operations.
Thus, another company will join the innovative and military technology production facilities of the Port of Riga, developing a new direction in the Latvian shipbuilding industry, combining extensive experience in shipbuilding with the growing demand for modern maritime safety technologies. In the current conditions, such a production facility will not only contribute to the economic growth of Latvia but also boost the security of Latvia and its partners.
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Originally published on 18 Mar
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