Panel builders: innovation creates new jobs in the technology sector in Latvia

Panel builders: innovation creates new jobs in the technology sector in Latvia

The EU Green Deal is significantly increasing the demand for customized electrical panels across Europe, together with the market demand by environmentally conscious consumers. Last year, global investments in green energy reached an additional 1.7 trillion euros. Latvia’s success story, AE Partner, is planning to double its production capacity in Liepaja to meet this growing market demand. Investments in new solar parks and wind-energy production in Latvia are driving the need for advanced systems.  

“We plan to double our manufacturing here in Liepaja. The market demand is driven by trends and the EU Green Deal. This also means that we will train new employees at our academy,” says Raitis Roze, Head of AE Partner’s Marketing Department. “the company works on unique prototypes for hydrogen-storage systems for windmills in renewable electricity production, pushing boundaries of innovation,” Roze says.  

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“From electrical panels to advanced control systems and hydrogen-filled energy storage solutions for wind farms, our production is sought after in global markets,” he explains, highlighting that partners and customers value their three decades of expertise. The automation systems and panel builder has the know-how and production capacity for products tailored for wind farms and solar parks. “Partnership with companies like ABB for components is a crucial part of this chain,” Roze adds.  

AE Partner’s innovation in Latvia –  meeting the need for technological solutions

The company works on unique prototypes for hydrogen-storage systems for windmills in renewable electricity production, pushing the boundaries of innovation the “Liepaja way”, overcoming obstacles. These prototypes are unique in the world,” Roze unveils.   The funding from the EU Green Initiative aims to reduce greenhouse gases by 55% by 2030, under the “Fit for 55” framework. “Buildings, industries, and agriculture are moving away from fossil fuels, resulting in a growing demand for panel builders and automation systems. ABB places safety and sustainability at the core of its production cycle to meet quality expectations,” explains Agris Veliks, Head of ABB Electrification Business in Latvia.   “Electricity consumption is expected to double by 2050, with some experts predicting it will even triple. This means an ever-rising demand for electricity generation and storage, where ABB and its partners have both the know-how and solutions,” Veliks adds.  

Green transition to green energies

AE Partner's main market is the Scandinavian countries, which are currently driving the green transition in the energy sector and are the undisputed leaders in this field globally. The green transition in Scandinavia has fuelled a rise in demand for advanced electrical panels and automation systems, positioning AE Partner as a winner and a key player in this context.  

Market dynamics favours technology

For example in Sweden, the demand for panel builders is rising as the country switches to a greater share of renewable energies. Deloitte Insights predicts that renewable deployment will grow by 17% to 42 GW in 2024, accounting for almost a quarter of electricity generation globally. Explaining the increasing role of renewables in the energy mix. This also reflects the broader trend in the Baltic and Scandinavian regions, where green energy initiatives are leading to increased investments and innovations in electrical infrastructure.  

Liepaja’s long industrial history

Liepaja has become a significant hub for industrial growth in Latvia, attracting considerable investments. The Danish-Latvian company AE Partner is a prime example of this development. As one of Latvia’s leading high-tech exporters, AE Partner is a key employer in the region, contributing to the local economy. The sector of producing electrical panels requires highly skilled labor. “The future growth perspectives are good for AE Partner despite competition for labor,” Roze says. “After investors failed to revive the metallurgical industry in Liepaja, moving the know-how and business to Turkey, hundreds of people were left unemployed. Fortunately, AE Partner was already seeking to grow,” Roze explains.  

Among major local employers, one may find brands like Caljan, Jensen Metal, Lesjöfors, Trelleborg, and Verl. The company competes regionally for labor with reputable employers such as Lauma, Ventspils Nafta Terminal, and others, investing significantly in training.  

AE Partner is the second-largest electronics and electrical manufacturing company in Latvia according to Dienas Bizness, having grown from 10 people into a team of 500 individuals. Its customers are located globally, ranging from those specialized in environmental monitoring, agriculture and food industry, marine industry, to energy producers, including wind and solar energy producers. “Latvia is poised to play a significant role in the green energy transition, contributing to a sustainable future for Europe and beyond,” Veliks reassures.

  • Photo: AE Partner team at the manufacturing site of electrical panels receiving ABB delegation
  • Photo: Production process
  • Photo: AE Partner's electrical panels manufacturing site in Liepaja will doubble its production capacity in the near future

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