What is Osprey energy?

The minds behind our board, fueling progress and innovation. Osprey Energy has fully embraced the concept of leaving a better planet for our children and to act with in its capabilities as a custodian of earth’s natural treasures. And we don’t just say it, we act upon it. We have adopted Makuku Nature reserve in Botswana.

How has Latvia managed to unlink its energy dependency from Russia?

Overall, Latvia has made considerable progress in unlinking its energy dependency from Russian imports in a short period of time, including by imposing bans on the import of electricity and natural gas from Russia in 2023. The government is also changing its storage model for oil reserves to further fortify its oil security.

Can Latvia achieve energy savings by renovating its building stock?

Latvia could achieve considerable energy savings by renovating its building stock. Latvia holds considerable potential to accelerate energy efficiency outcomes in the buildings sector, which will go a long way toward meeting climate targets and lowering energy bills.

How can wind and solar power projects help Latvia?

Bringing wind and solar power projects online will also help reduce Latvia’s dependence on natural gas imports and can contribute to lower electricity prices; current efforts to develop offshore wind will support this outcome.

Can Latvia switch from oil to alternative sources?

Latvia’s transport sector, predominantly road transport, is also a major energy consumer. Around 95% of transport energy demand is met with oil products, indicating that Latvia has potential to both lower oil consumption and to switch from oil to alternative sources.

Is biomass a source of electricity in Latvia?

Traditional biomass – the burning of charcoal, crop waste, and other organic matter – is not included. This can be an important source in lower-income settings. Latvia: How much of the country’s electricity comes from nuclear power? Nuclear power – alongside renewables – is a low-carbon source of electricity.