The energy commodities trader and convenience store network AS VIRŠI-A (hereinafter referred to as Virši) has, in collaboration with its partners, commenced the construction of a biomethane plant in Naukšēni, Valmiera Municipality. This project marks a significant step in the development of Latvia’s energy sector, promoting the production of sustainable and environmentally friendly energy.
Construction began in January 2025 with land preparation works. The European Energy Efficiency Fund has provided a long-term loan to finance the project. To secure the loan, the project participants have pledged their shares in SIA Livland Biomethane, with the maximum secured claim amounting to €17.7 million.
Currently, Virši holds 20% of SIA Livland Biomethane shares, however the Company plans to gradually increase its stake to approximately 51%, strengthening its role in the biomethane production industry.
"The construction of the biomethane plant is the next strategic step in Virši’s development, further strengthening and diversifying our business model. We believe that biomethane will play a critical role at the European level in making the transport and industrial sectors more sustainable. This, in turn, will ensure strong demand and profitability for this product in the coming years," explains Jānis Vība, Chairman of the Management Board of Virši.
This initiative is a significant investment in Latvia’s energy independence and the advancement of green energy, facilitating the transition to more sustainable solutions in the transport and energy sectors.
About Virši:
Virši is a rapidly growing local energy commodities trader and convenience store network with 30 years of experience. Currently, Virši has 85 sales points, 82 of which are service stations, and employs more than 900 people across Latvia. Since 11 November 2021, the shares of AS VIRŠI-A have been listed on the Nasdaq Riga First North Alternative Market.
Further information:
Undīne Priekule
Virši Head of Communications
Phone: +371 26 141 219
E-mail: undine.priekule@virsi.lv
www.virsi.lv
