Industrial Park NORDO Opens a New 3-Hectare Solar Park

The new solar park, covering 3 hectares, was developed with a €1.6 million investment, with additional financing from Swedbank. The solar park has a total capacity of up to 1.2 MW, and the project was implemented in cooperation with the construction company Ditra Networks SIA. The solar park was commissioned in October of this year.

A Step Towards Sustainability

Mārtiņš Everts, Board Member of NORDO, emphasized:

“The solar energy park was built to ensure self-consumption of electricity for the warehouse complex under our management. This is a valuable benefit for our clients, who are committed to sustainable solutions and ESG compliance by reducing energy consumption and increasing the use of renewable energy in practice.”

This marks a significant milestone in NORDO’s sustainability strategy. The growing number of solar parks in Latvia highlights an increasing trend towards environmentally friendly energy production among businesses.

“With the opening of this solar park, we continue to expand green energy production in Latvia and inspire other companies to do the same,” added Everts.

NORDO – Latvia’s Largest Industrial Park

NORDO is the largest industrial park in Latvia, offering technically advanced warehouse, production, and office space solutions. Located in a strategic geographic position, the park provides both logistics advantages and access to a skilled workforce.

Key facts about NORDO:

• 6 buildings

• Total area of 95,000 m²

• Overall territory of 30 hectares

Swedbank: Committed to Green Investments

Jevgenijs Ivanovs, Board Member and Head of Corporate Banking at Swedbank, commented:

*“Every investment in renewable energy production is a crucial step towards a sustainable future and responsible business practices. By investing in renewable energy projects, we not only contribute to a greener future but also establish stable and reliable energy sources for future generations.

At Swedbank, we prioritize sustainable change and environmentally friendly investments, which perfectly align with NORDO’s goals and strategy. Our shared values have made us a trusted financial partner in NORDO’s sustainable growth.”*

NORDO’s Leading Clients

NORDO serves industry-leading companies, including:

• DEPO

• AMBER Latvijas Balzāms

• Tamro

• MADARA 89

Part of SG Capital Partners Fund 1 KS Portfolio

NORDO logistics park is part of SG Capital Partners Fund 1 KS real estate portfolio. The fund is a Latvia-registered commercial real estate investment fund, managed by SG Capital Partners AIFP, an alternative investment fund manager licensed by the Financial and Capital Market Commission.

• Total fund assets exceed €140 million

• Swedbank has partnered with SG Capital Partners since 2018

Article: https://uzladets.lv/industrialais-parks-nordo-atklaj-jaunu-saules-parku-3-ha-platiba/