Eolus Baltics
Eolus Baltics (SIA Eolus) is the Latvian subsidiary of Swedish public developer Eolus Aktiebolag, developing utility-scale onshore wind, offshore wind, solar, and energy storage projects and selling them to utilities and institutional investors.
- Company typePublic
- Founded2011
- HeadquartersHässleholm, Sweden
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Eolus Baltics does
Eolus Baltics (SIA Eolus) is the Latvian operating subsidiary of Eolus Aktiebolag (publ), a Swedish publicly traded renewable energy developer (ticker EOLus). Established in 2011, the Baltic entity develops utility-scale renewable energy projects — primarily onshore wind, with adjacent capabilities in offshore wind, utility-scale solar parks, and energy storage — across the Latvian market, while the parent operates in Sweden, Norway, Finland, Poland, Spain, and the United States. Core activities span the full project development lifecycle: site identification, land lease arrangements with landowners, permitting and stakeholder engagement with municipalities and state institutions, and construction management, exemplified by the Pienava wind parks in Latvia (groundbreaking November 2025, turbine foundations completed April 2026).
The company monetizes completed, construction-ready projects through one-time sales to energy utilities and institutional project investors rather than through ongoing energy production revenue. Its go-to-market is direct enterprise B2B: it negotiates individually with counterparties such as AS Latvenergo, which purchased one of the largest Latvian wind projects from Eolus in June 2025. Marketing and investor-relations reach is via the parent group's newsroom, LinkedIn, Instagram, Facebook, and newsletter channels. The Baltic subsidiary itself is lean (5 employees), relying on the parent group for capital, branding, and multi-market regulatory experience. The parent has issued senior secured bonds and conducted bond repurchases and tender offers, indicating active capital-structure management at the group level.
The product portfolio consists of three core lines: onshore and offshore wind energy projects, large-scale solar parks, and energy storage solutions, sold as integrated or standalone turnkey renewable assets. Pricing is not publicly disclosed and is negotiated per project. Notable recent strategic events include the Swedish Government's rejection of offshore wind permits (Västvind, Najaderna), parent-level bond repurchase (SEK 71.25 million) and tender offer (up to SEK 200 million), and the 2026 Annual General Meeting resolutions at Eolus AB.
Eolus Baltics firmographics
Firmographics- Name
- Eolus Baltics
- Legal name
- Eolus Aktiebolag (publ)
- Website
- https://eolus.lv
- Company type
- Public
- Founded year
- 2011
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Eolus Baltics (SIA Eolus) is the Latvian subsidiary of Swedish public developer Eolus Aktiebolag, developing utility-scale onshore wind, offshore wind, solar, and energy storage projects and selling them to utilities and institutional investors.
- Ownership category
- akta.pro rank
Eolus Baltics industry classification
Industry- Product category
- Renewable Energy Project Development
- NAICS
- Wind Electric Power Generation (221115), Solar Electric Power Generation (221114)
- akta.pro primary industry
- Wind Farm Development & Permitting (Greenfield/Brownfield) (EUACAFAE)
- akta.pro secondary industry
- Onshore Wind Power Generation (Utility-Scale) (EUACAFAA)
Keywords
Where Eolus Baltics is headquartered
LocationHeadquarters
- HQ city
- Hässleholm
- HQ country
- Sweden
- HQ region
- Europe
Offices2 records
Markets served
Eolus Baltics business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Others
Revenue model
- Project Development and Sales: Eolus develops renewable energy projects from early-stage development through construction, then sells completed projects to institutional investors and energy utilities. Revenue is generated through project sales rather than ongoing energy production.
- Project Investor Services: Services for project investors including development, permitting, and construction management of renewable energy assets
Go-to-market motion1 record
Distribution channels3 records
Marketing channels6 records
Eolus Baltics product offering
Product offeringCore offering
Eolus Baltics develops utility-scale renewable energy projects in the Baltic region, including onshore wind farms, offshore wind projects, solar parks, and battery energy storage installations. The company progresses projects from origination and permitting through to ready-to-build or operational status, at which point the projects are sold to energy utilities and institutional investors.
Product overview
Eolus Baltics operates as a renewable energy project development company offering three core product lines: wind energy projects (both onshore and offshore), solar energy projects, and energy storage solutions. The company develops, constructs, and manages renewable energy projects across the Baltic region and beyond, working with project investors, land owners, and local communities to bring renewable energy projects to fruition.
Differentiator
Problem solved
Functional benefit
Products and services
- Onshore Wind Energy Projects Utility-scale onshore wind farm projects developed from site origination and permitting through to ready-to-build or operational status, then sold to utilities and institutional investors in the Baltic region.
- Offshore Wind Energy Projects Offshore wind project development activities undertaken in the Baltic Sea region, extending the parent group's offshore capabilities into Latvian and Baltic waters.
- Solar Energy Projects Utility-scale solar park projects developed for sale to utilities and institutional off-takers, often combined with wind and storage in hybrid configurations.
- Energy Storage Solutions Battery energy storage system (BESS) projects developed alongside wind and solar assets to provide balancing, capacity firming, and ancillary services in the Baltic electricity market.
Companies that use Eolus Baltics
Customer profileNamed customers1 record
Segments4 records
Ideal customer profiles1 record
Eolus Baltics technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Eolus Baltics partnerships and signals
Strategic signalScale indicators3 records
Recent moves7 records
Expansion highlights4 records
Eolus Baltics competitors and assessment
Company assessmentBroad incumbents
- Encavis AG: European renewable energy IPP and developer with wind and solar across multiple EU markets. Comparable as a broader European renewable developer/investor, though larger and more diversified than Eolus Baltics.
- Ørsted: Global offshore and onshore wind leader headquartered in Denmark. Comparable as the dominant incumbent in European offshore wind — directly relevant to Eolus's stated offshore wind ambitions.
- Iberdrola Renovables: Global renewable energy division of Iberdrola with major wind and solar capacity worldwide. Comparable as a large incumbent in the offshore and onshore wind development space Eolus targets.
- Vattenfall AB: Major Swedish state-owned utility with a large Nordic and European renewable energy portfolio, including significant onshore and offshore wind. Comparable as a large incumbent operating across the same geographies.
Direct peers
- Arise AB: Swedish onshore wind developer and operator with a Nordic and Baltic project pipeline. Directly comparable in technology focus and project-development-then-sale approach.
- Enefit Green: Estonian-listed renewable energy developer and operator with significant Baltic wind capacity. Closely comparable as a Baltic-region wind developer selling power and assets to regional utilities.
- European Energy: Danish renewable energy developer active across onshore wind, solar, and Power-to-X in the Nordics, Baltics, and broader Europe. Directly comparable in multi-tech platform and sale-to-investor model.
- Utilitas: Latvian energy group with renewable generation including wind and biomass. Direct peer operating in Eolus Baltics' home market with overlapping technology and customer base.
- OX2: Swedish developer of onshore wind, solar, and storage projects across the Nordics and Baltics. Highly comparable to Eolus Baltics in geography, technology mix, and project-sale model.
- Cloudberry Clean Energy: Norwegian/Nordic renewable energy developer with wind and solar projects in the Nordics and select European markets. Closely comparable in project-development, multi-technology focus, and investor off-take model.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
Eolus Baltics social profiles
Digital presenceEolus Baltics financial estimates
Financial estimateRevenue estimate
Valuation estimate
Eolus Baltics leadership team
Management profileNumber of profiles
Profiles1 record
Eolus Baltics subsidiaries and ownership
Company hierarchySubsidiaries1 record
Eolus Baltics funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Eolus Baltics M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Eolus Baltics
What does Eolus Baltics do?
Eolus Baltics develops utility-scale renewable energy projects in the Baltic region, including onshore wind farms, offshore wind projects, solar parks, and battery energy storage installations. The company progresses projects from origination and permitting through to ready-to-build or operational status, at which point the projects are sold to energy utilities and institutional investors.
Is Eolus Baltics a public or private company?
Eolus Baltics is a public company. It is classified as public and is currently operating.
When was Eolus Baltics founded?
Eolus Baltics was founded in 2011. It employs 1 to 10 people.
Where is Eolus Baltics based?
Eolus Baltics is headquartered in Hässleholm, Sweden, in the Europe region.
How does Eolus Baltics make money?
Two revenue lines are on record. Project Development and Sales are the primary driver. The others are project Investor Services.
Who are Eolus Baltics's main competitors?
Broad incumbents on record are Encavis AG, Ørsted, Iberdrola Renovables and Vattenfall AB. Direct peers are Arise AB, Enefit Green, European Energy, Utilitas, OX2 and Cloudberry Clean Energy.
Does Eolus Baltics have an API?
No public API is recorded for Eolus Baltics.
What industry is Eolus Baltics in?
Eolus Baltics's product category is Renewable Energy Project Development. Its primary akta.pro industry code is EUACAFAE, Wind Farm Development & Permitting (Greenfield/Brownfield), with a secondary code of EUACAFAA, Onshore Wind Power Generation (Utility-Scale). Its NAICS code is 221115.