Latvenergo AS has prepared and publishes an informative presentation about Latvenergo Group, providing current information about the organizational structure, strategy, operating segments and financial indicators of the Group.

In 2021, Latvenergo Group was the leader in green energy generation in the Baltics, and its output accounted for 29% of the total electricity output in the Baltic states. 59% of it was generated using renewable energy sources.

In 2021, Latvenergo Group was represented in all energy trade segments in Latvia, Lithuania, and Estonia. Electricity supplied outside Latvia accounted for approximately 40% of the overall amount of electricity supplied to end consumers.

The year has been particularly successful in the sale of solar panels - compared to 2020, the number of contracts for the installation of solar panels and sale of solar park shares in the Baltics increased more than two times. The total capacity of solar panels installed for retail customers of Latvenergo Group already reached almost 11 MW, which makes Latvenergo one of the leading providers of this service in the Baltics.

In 2021, the target set at the beginning of the year for the number of electric car charging ports has been reached - the Elektrum charging network consisted of 90 ports, and the number of charges made at public charging stations by customers of the mobile application increased by 50.

In 2021, the Latvenergo Group's Medium-Term Strategy for 2022–2026 with new strategic targets was developed. It was approved on 30 March 2022. The growth strategy is focused on expanding the Group's operations and leading the development of renewable energy.

In the reporting year, Latvenergo Group was the most valuable company in Latvia for the 14th time. In the Sustainability Index of 2021, Latvenergo AS was recognised as the most sustainable company in Latvia, as well as for the ninth year in a row, Latvenergo AS received the Platinum category from the Sustainability Index.

Additional information:
Inese Vilcina
Financing and Investor Relations Manager
Phone: +371 29 110 880
E-mail: investor.relations@latvenergo.lv

www.latvenergo.lv

About Latvenergo

Latvenergo Group is one of the leading energy suppliers in the Baltics operating in electricity and thermal energy generation and trade, natural gas trade and electricity distribution services. Latvenergo AS has been acknowledged as the most valuable company in Latvia for several times. International credit rating agency Moody's has assigned Latvenergo AS an investment-grade credit rating of Baa2/stable.

Latvenergo Group is comprised of the parent company Latvenergo AS (generation and trade of electricity and thermal energy, trade of natural gas) and subsidiaries - Sadales tīkls AS (electricity distribution), Elektrum Eesti OÜ (trade of electricity and natural gas in Estonia), Elektrum Lietuva UAB (trade of electricity and natural gas in Lithuania), Enerģijas publiskais tirgotājs AS (administration of mandatory electricity procurement process) and Liepājas enerģija SIA (generation and trade of thermal energy in Liepaja, electricity generation). All shares of Latvenergo AS are owned by the state and held by the Ministry of Economics of the Republic of Latvia.