Get access to latest Latvia renewable energy tenders and bids. Find business opportunities and business intelligence for Latvia renewable energy tenders, Latvia solar tenders, Latvia windmill tenders, Latvia biomass tenders, clean energy tenders, Latvia solar pv tenders, Latvia solar farm tenders, Latvia wind farm tenders, Latvia solar power tenders, Latvia photo voltaic tenders, Latvia solar lights panels tenders. Find Latvia renewable energy bid invitations, tenders, bids, procurement, RFPs, RFQs, ICBs. Search for Latvia renewable energy tenders online. The economy of Latvia is an open economy in Eastern Europe and is part of the European Single Market. Latvia is a member of the World Trade Organization (WTO) since 1999, a member of the European Union since 2004, a member of the Eurozone since 2014 and a member of the OECD since 2016. Latvia is ranked the 14th in the world by the Ease of Doing Business Index prepared by the World Bank Group. According to the Human Development Report 2011, Latvia belongs to the group of very high human development countries. Due to its geographical location, transit services are highly developed, along with timber and wood-processing, agriculture and food products, and manufacturing of machinery and electronic devices. Latvia's economy has had rapid GDP growth of more than 10% per year during 2006–07, but entered a severe recession in 2009 as a result of an unsustainable current account deficit, collapse of the real estate market, and large debt exposure amid the softening world economy. Triggered by the collapse of Parex Bank, the second largest bank, GDP decreased by almost 18% in 2009, and the European Union, the International Monetary Fund, and other international donors provided substantial financial assistance to Latvia as part of an agreement to defend the currency's peg to the euro in exchange for the government's commitment to stringent austerity measures. In 2011 Latvia achieved GDP growth by 5.5% and thus Latvia again was among the fastest growing economies in the European Union. The IMF/EU program successfully concluded in December 2011. Privatization is mostly complete, except for some of the large state-owned utilities. Export growth contributed to the economic recovery, however, the bulk of the country's economic activity is in the services sector. Renewable energy is energy that is collected from renewable resources that are naturally replenished on a human timescale. It includes sources such as sunlight, wind, rain, tides, waves, and geothermal heat. Renewable energy stands in contrast to fossil fuels, which are being used far more quickly than they are being replenished. Although most renewable energy sources are sustainable, some are not. For example, some biomass sources are considered unsustainable at current rates of exploitation. Renewable energy often provides energy in four important areas: electricity generation, air and water heating/cooling, transportation, and rural (off-grid) energy services. About 20% of humans' global energy consumption is renewables, including almost 30% of electricity. About 8% of energy consumption is traditional biomass, but this is declining. Over 4% of energy consumption is heat energy from modern renewables, such as solar water heating, and over 6% electricity. Globally there are over 10 million jobs associated with the renewable energy industries, with solar photovoltaics being the largest renewable employer. Renewable energy systems are rapidly becoming more efficient and cheaper and their share of total energy consumption is increasing, with a large majority of worldwide newly installed electricity capacity being renewable. In most countries, photovoltaic solar or onshore wind are the cheapest new-build electricity. Many nations around the world already have renewable energy contributing more than 20% of their energy supply, with some generating over half their electricity from renewables. National renewable energy markets are projected to continue to grow strongly in the 2020s and beyond. A few countries generate all their electricity using renewable energy. Renewable energy resources exist over wide geographical areas, in contrast to fossil fuels, which are concentrated in a limited number of countries. Deployment of renewable energy and energy efficiency technologies is resulting in significant energy security, climate change mitigation, and economic benefits. However, renewables are being hindered by hundreds of billions of dollars of fossil fuel subsidies. In international public opinion surveys, there is strong support for promoting renewable sources such as solar power and wind power. Renewable energy technology projects are typically large-scale, but they are also suited to rural and remote areas and developing countries, where energy is often crucial in human development. As most of the renewable energy technologies provide electricity, renewable energy is often deployed together with further electrification, which has several benefits: electricity can be converted to heat, can be converted into mechanical energy with high efficiency, and is clean at the point of consumption. In addition, electrification with renewable energy is more efficient and therefore leads to significant reductions in primary energy requirements.