Elektrum Group
Elektrum Group is one of the largest energy market players in the Baltics and a leader in green electricity generation. We deliver secure and reliable energy, shaping the future through renewable resources, e-mobility, and innovation.
The leading company of the Elektrum Group is AS Latvenergo, and the Group also includes Elektrum Eesti OÜ, Elektrum Lietuva UAB, Elektrum Next, SIA Laflora Energy, and other affiliated companies. The Elektrum Group's financial and operational indicators incorporate AS Sadales tīkls — a wholly-owned subsidiary of AS Latvenergo that operates independently and provides electricity distribution services in Latvia.
The goal of the Elektrum Group is to strengthen Baltic energy independence, invest in new solutions, and provide a foundation for growth within our region and globally.
Areas of activity
Generation
Elektrum Group is one of the leading energy suppliers in the Baltics
Trade
920 000 customers in the Baltic states, including more than 300 000 customers outside Latvia.
Wind farm development
We develop wind energy projects to increase renewable energy generation.
Electromobility
We are expanding the Elektrum Drive network to power the transition to eco-friendly transport.
Sustainability
We are developing a balanced, low-carbon portfolio led by hydropower and expanded with wind and solar energy, and we finance it with certified green instruments.
Innovation and AI solutions
We are modernising energy infrastructure using smart technologies, from digital customer tools to grid intelligence, to improve efficiency, reliability and the transition to renewable energy resources.
Learn moreInvestors
Thanks to strong financial results and a transparent dividend policy, Elektrum Group provides sustainable growth and stability for investors. Our disciplined governance, resilient balance sheet and consistent profitability build trust in international markets.
Learn moreRevenue
€1,566.1M
(2025)
EBITDA
€440.1M
(2025)
Assets
€4,967.5M
(2025)
Investments
€792.1M
(2025)
Latest news
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Latvenergo plans to expand its renewable energy portfolio
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14 largest Baltic energy companies form an alliance
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New solar and wind generation capacities already account for 18% of the electricity generated by Latvenergo
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Moody's affirms Latvenergo AS rating
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Elīna Jansone appointed member of the Management Board of Sadales tīkls AS
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Latvenergo AS places the second tranche within its medium-term eurobond programme
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Latvenergo AS secures long-term transaction rights at the Klaipėda liquefied natural gas terminal
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Development of Latvenergo New Generation Capacity Strengthens its Export Position in the Baltics
Energy security and investments in Latvia
We are making large-scale investments to strengthen national energy security and accelerate the transition to a green economy by building new generation capacity, modernising assets and developing technologies in Latvia and the Baltics.
These efforts reduce dependence on imports, increase resilience and align Latvia with EU climate and energy targets.