Modus Asset Management, in collaboration with Evecon, a leading renewables developer in the Baltics, has made a significant move by acquiring a 100% stake in a 55 MW solar PV portfolio in Latvia. The portfolio, developed by Evecon SIA, consists of 10 state-of-the-art projects equipped with advanced bifacial solar panels. This impressive portfolio includes projects with both single-axis trackers and fixed tilt technology, making it one of the largest in Latvia.
The portfolio is currently in the Ready-to-Build stage, and engineering, procurement, and construction services will be provided by WiSo Engineering OÜ, a subsidiary of Evecon. The exact value of the acquisition and EPC services remains undisclosed.