Saules BESS Brings All 120 MWh of Battery Storage into Commercial Operation in Latvia

Latvian energy storage developer Saules BESS has completed the commercial launch of its 120 MWh battery storage portfolio across eight solar power sites, according to its latest quarterly disclosure.

By the end of September, 90 MWh of storage capacity was generating revenue. The remaining three sites entered commercial operation in October, bringing the total operational storage capacity to 120 MWh.

The company reported approximately €0.8 million in revenue from its core operations in the third quarter of 2026, marking the initial commercial contribution from the new storage facilities.

Saules BESS financed the development partly through a €22 million senior secured bond issue completed in June.

The battery systems are designed to store electricity and respond to price changes in the wholesale market. Qualification for participation in electricity balancing markets remains a separate stage of the project.

Source: Saules BESS third-quarter 2026 disclosure to Nasdaq Baltic, 13 November.