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Luminor Bank has allocated €3.64 million to SIA Saules parks Vītoliņi, SIA M TEAM, and SIA AZE2 for the development of three medium-scale battery energy storage systems in Latvia's Kurzeme region. These systems will enhance existing solar parks in Tukums and Kuldīga, improving efficiency and grid stability while integrating more renewable energy. The projects are set to increase Latvia's renewable energy capacity, with forecasts suggesting solar energy could represent 20% of total electricity production by 2029.