Saules EnergySaules BESS
Battery energy storage containers co-located with a solar PV park

A subsidiary of Saules Energy

Saules BESS

Leading Latvian renewable energy producer issuing up to €22M senior secured bonds to fund 120 MWh of battery energy storage.

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Overview

Co-locating 120 MWh of storage with 8 operational solar parks

Saules BESS is raising 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.

The project

Proceeds will 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.

Strategic rationale

Co-locating storage with existing solar generation captures intraday spread, unlocks ancillary service revenues, and provides grid flexibility in the Baltic market.

Implementation timeline

BESS systems will be installed across all 8 PV sites during Q3–Q4 2026.

120 MWh
Battery storage capacity
8
Co-located PV sites
€22M
Senior secured bonds
€24M
Total project CAPEX

News

Latest announcements

Merito Partners

Merito 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.

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Financials

Reports — Saules BESS SIA

Bond terms, quarterly updates and audited annual reports will be published here as they become available.

2026

Current year

Reports will be published here.

Contact

Investor enquiries and group correspondence