A subsidiary of Saules Energy
Saules BESS
Leading Latvian renewable energy producer has issued €22M senior secured bonds to fund 120 MWh of battery energy storage.
Overview
Co-locating 120 MWh of storage with 8 operational solar parks
Saules BESS has raised capital to finance the development and installation of battery energy storage systems across the Saules Energy group's existing PV portfolio in Latvia.
ISSUER
SIA Saules BESS is a wholly-owned subsidiary of Saules Energy — one of Latvia's leading solar PV developers and operators.
Strategic rationale
Co-locating storage with existing solar generation captures intraday spread, unlocks ancillary service revenues, and provides grid flexibility in the Baltic market.
The project
Proceeds fund the development and installation of 120 MWh of battery energy storage systems, co-located across 8 operational PV plants owned by the Saules Energy group.
Implementation timeline
BESS equipment has been delivered and installation across all 8 PV sites will be completed during Q3–Q4 2026.
News
Latest announcements
Notice to Bondholders — Irrevocable Waiver of Call Option Premium Rights
22 July 2026
SIA Saules BESS has irrevocably undertaken to pay the applicable early-redemption (call option) premium and has waived its right to redeem the Notes at par without premium.
Read notice →Merito PartnersMerito Partners to invest EUR 25 million in energy storage systems at solar parks
Merito Partners announced a €25 million investment programme into battery energy storage co-located at solar parks, executed through SIA Saules BESS.
Read article →Financials
Reports — Saules BESS SIA
Bond terms, quarterly updates and audited annual reports will be published here as they become available.
Contact
Investor enquiries and group correspondence
- SIA Saules BESSReg. No. 40203716498
- investors@saulesbess.com
- Roberta Hirša iela 1, Rīga, LV-1045