• November 16, 2025
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RenewableEnergy

Baltic storage platform secures landmark €85.6 million financing from EBRD, NIB and Edmond de Rothschild AM for one of the largest battery storage projects in Continental Europe

Harju County, Estonia – 31.10.2025 – The Baltic Storage Platform (BSP) joint venture –bringing together French independent solar power producer Corsica Sole, Estonia’s leading renewable energy developer Evecon, and Mirova, [..]

Latvenergo acquires Eolus wind park project Pienava Wind

Latvenergo has acquired the Pienava Wind farm project from Eolus, the company announced in a statement to the Nasdaq Riga stock exchange. The value of the transaction has not been [..]

Niam Infrastructure and Evecon advance 110 MW renewable energy platform in Latvia

Niam Infrastructure, a Nordic real assets investor, announces the launch of the second phase of its renewable energy platform in Latvia, developed in partnership with Baltic clean energy developer Evecon. [..]

Latvia may boost solar power share in electricity to 10% this year

The share of electricity produced in Latvia by solar power plants (SPP) might reach 10% of total production, which would be 3.3% more than last year, LETA learned at the [..]

Terminal to transform into an new-era energy company in Estonia

Terminal, which to date has been known as a fuel retailer, has evolved into the first new-era energy company to offer its customers an all-in-one energy service with a year-round [..]

Germany’s Nordex bags 472MW wind-turbine order for Finnish projects

Swedish renewable energy company OX2 has placed two orders with Nordex SE to supply a total of 70 N175/6.X wind turbines for projects in Finland, the German wind-turbine manufacturer said [..]

Latvian energy company discloses investment plans

The Latvian electricity distribution system operator Sadales Tikls has announced plans to invest an average of EUR 76 million annually in electricity grids over the next ten years, the company [..]

Volkswagen plans to expand involvement in European wind, solar parks

Wolfsburg, Germany (dpa) – Despite the slowdown in demand for electric vehicles, German auto giant Volkswagen said on Thursday that it continues to invest in wind and solar power parks [..]

Loan issued for construction of solar plants in Lithuania

The Luminor Bank has announced a EUR 25 million loan to Nala Renewables, which is a global renewable energy investment and development company and has been granted a 45-megawatt (MW) [..]

Electricity prices dropping in Lithuania

Lithuania’s average wholesale electricity price dropped by 59% to EUR 56/MWh last week among windy and mild winter conditions. This was reported on Monday by Litgrid, the country’s electricity transmission [..]

Danish company to build battery storage park in Lithuania

The Danish renewable energy company European Energy has announced plans to build a 12-megawatt (MW) battery storage facility near the northwestern Lithuanian town of Telšiai and to link it to [..]

Germany’s 2030 electric car target to fall short, projection shows

Projections from management consultancy Deloitte show that Germany’s electric car market will grow much more slowly than the government had hoped. By 2030, only 11.2 million fully electric vehicles are [..]

Polish energy group considering windfarm in Baltic Sea

The Polish oil group Orlen is thinking about whether to submit a new bid in the relaunched tender on the development of a second offshore wind farm in Lithuania. The [..]

Ignitis Group receives bank loan for solar, wind farms

OP Corporate Bank, which is part of Finland’s OP Financial Group, has lent EUR 19.3 million to Ignitis Renewables, which is a subsidiary of Lithuania’s state-owned energy group, Ignitis Group. [..]

Lithuania launching new bid for tenders for offshore wind farm

Lithuania’s National Energy Regulatory Council on Monday launched a new bid for tenders on the development of a second 700 MW offshore wind park in the Baltic Sea, with a [..]

Work on Nordic-Baltic hydrogen corridor could begin in 2029

The construction of a 2,500-kilometre green hydrogen corridor between the Nordic countries and the Baltic States could begin in 2029, the CEO of Lithuania’s natural gas transmission system operator Amber [..]

Biggest 3 energy firms took nearly third of €75.6 million 2023 renewables subsidies

Nearly one third of the €75.6 million in renewable energy support paid out in 2023 went to Enefit Wind, Enefit Green, and Utilitas Tallinna Elektrijaam, according to incomplete data from [..]

Lithuanian company to participate in offshore wind farm auction

Lithuania’s state-owned energy group Ignitis Group has announced its decision to take part in a second offshore wind farm tender for the right to develop around 700 MW of offshore [..]

Elektrum to build new solar parks in Lithuania

Elektrum Lithuania is an electricity provider that is part of the Latvian energy group Latvenergo, and it announced on Friday that it plans to install three solar parks with a [..]

Lithuanian energy company to receive new investment

Green Energy, which is a renewable energy company in Lithuania that is owned by the Modus Group, has announced that the European Bank for Reconstruction and Development has tentatively approved [..]

Largest solar park in Baltics to open in Estonia

The largest solar park in the Baltic States will be opened on October 3 in the village of Kirikuküla in the Lääneranna rural municipality in Pärnu county. The Kirkimäe solar [..]

EU makes progress in ensuring secure and affordable energy for all

The EU has withstood critical risks to its security of energy supply, regained control over the energy market and prices, and accelerated the transition towards climate neutrality. These are the [..]

Lithuania’s Ignitis Group eyes participation in 2nd Baltic Sea offshore wind farm auction

Ignitis Group, Lithuania’s state-owned energy group, still does not rule out participating in the second 700 MW offshore wind park tender in Lithuania, its CEO Darius Maikstenas says. “We are [..]

2,500 km hydrogen corridor to connect six Baltic Sea countries by 2040 – study

Finland, Estonia, Latvia, Lithuania, Poland and Germany should be connected by a 2,500-km green hydrogen corridor by 2040 and it should be used to transport up to 2.7 million tons [..]

Solar, wind power capacity up 30 pct to 3 GW in Lithuania – TSO

The capacity of solar and wind power farms operating in Lithuania grew 30 percent in the first eights months to 3 gigawatts (GW), from 2.3 GW at the beginning of [..]

Lithuania’s Ignitis Group sees strong investor interest in Vilnius CHP, other projects

Investors are showing strong interest in projects developed by Ignitis Group, including a stake of up to 49 percent in the recently completed Vilnius combined heat and power plant, Jonas [..]

Tesla establishes Tesla Lithuania in Vilnius

Tesla International of the Netherlands, which is owned by the US electric vehicle (EV) giant Tesla, is setting up a company in Lithuania – Tesla Lithuania. According to the Center [..]

Latvenergo invests nearly EUR 6 million in solar power plant in Birzi

Latvian energy group Latvenergo has invested nearly EUR 6 million to develop a new solar power plant in Birzi, Jekabpils municipality, LETA was told at the company. The 11.7 MW [..]

Latvia ups its renewable energy target for 2030 to 60%

Latvia plans to increase the share of renewable energy in final consumption to 60 percent by 2030, according to the updated National Energy and Climate Plan (NECP) for 2021-2023. In [..]

61 pct of Estonian population in favor of deployment of nuclear energy

More than half, or 61 percent, of residents of Estonia are positive about the possible introduction of nuclear energy, a poll taken in May shows. The findings of the survey [..]

Law to speed up development of offshore wind, solar parks in Estonia

The Estonian parliament on Tuesday passed a bill to amend the Building Code and other laws, initiated by the government, which is aimed at accelerating the deployment of renewable energy. [..]

Estonia’s Eesti Energia: Exchange price of electricity to decrease this summer

Increased solar energy production in the Baltics and reduced consumption during the summer will lower electricity exchange prices, although during hours when there is a shortage of affordable wind and [..]

Estonia, Latvia to explore possibilities for production of sustainable aviation fuels

Estonia and Latvia are to study the potential for producing sustainable, meaning more environmentally friendly, aviation fuels in the Baltic Sea region, with the European Commission allocating 200,000 euros to [..]

Baltic energmins agree on offshore wind farm development

The energy ministers from the eight Baltic Sea region countries have agreed to phase out fossil fuels, further develop offshore wind energy and make critical energy infrastructure more resilient to [..]

TTJA initiates superficies license proceedings, EIA for ELWIND offshore wind farm

The Consumer Protection and Technical Regulatory Authority (TTJA) has initiated superficies license proceedings and environmental impact assessment on the basis of the application for the Estonian-Latvian joint offshore wind farm [..]

Eesti Energia adds 100th electric car to its fleet

The state-owned Estonian energy group Eesti Energia has reached a significant milestone by adding the 100th electric vehicle to its fleet. Eesti Energia has consistently worked towards increasing the proportion [..]

Ventspils port should become export port for renewable energy and local products – Udodovs

The Ventspils port should turn from the fossil energy transit port it was once into a renewable energy and local products export port, Deputy Governor of Ventspils Freeport Igor Udodov [..]

Tallinn Airport GH adds 3 more units to its electric car fleet

At the beginning of 2023, AS Tallinn Airport GH, a subsidiary of state-owned airport company AS Tallinna Lennujaam, introduced the first three electric cars into its car fleet intended for [..]

Cooperation suspended between Latvenergo and RWE in the development of offshore wind farms

Latvenergo and the German energy company RWE have suspended cooperation in the development of offshore wind parks, and Latvenergo has found a new partner for this project, Martins Cakste, Chairman [..]

Installation of new gas heating systems in Riga will no longer be approved from 2026

The installation of new gas heating equipment in Riga will no longer be approved from 2026, according to the regulations approved today by the Housing and Environment Committee of the [..]

Tallinn Airport joins BSR HyAirport project for the adoption of hydrogen in aviation

Tallinn Airport has joined the Baltic Sea region (BSR) HyAirport project, which aims to amass knowledge and create conditions for the adoption of hydrogen in aviation. The three-year project involves [..]

Lithuania govt: EUR 20 mln from Ignitis Group for wind farm to be used to repay state debt

Twenty million euros paid as a development fee by Ignitis Renewables, a subsidiary of Lithuania’s state-owned energy group Ignitis Grupe (Ignitis Group), after winning the tender for the development of [..]

Olerex fined EUR 8 mln for non-fulfiment of biofuel obligation

The Estonian Environmental Board imposed a fine of eight million euros on fuel seller Olerex for repeatedly failing to fulfill the biofuel obligation. The Environmental Board determined in misdemeanor proceedings [..]

Circle K launches new automatic charging service in Estonia

Starting from Monday, all Circle K ultra-fast chargers across Estonia allow “plug and charge Autocharge” charging, a new convenient and easy way to charge an electric vehicle and pay for [..]

Eesti Energia seeking to improve quality of forecasting using data science

Estonia’s state-owned energy group Eesti Energia has launched an international competition among data scientists to find a more accurate model for forecasting the consumption and production of electricity by small [..]

Largest green technology exhibition in Estonian history opens to visitors

From Tuesday to Friday, the public is invited to visit the largest green technology exhibition in Estonian history, NEXPO Tallinn. In this sustainability-focused exhibition, nearly 80 exhibitors from various countries [..]

Alexela to open first hydrogen filling stations in Tallinn in 2024

Estonian energy group Alexela will open two green hydrogen filling stations in Tallinn in October of next year, one of them will be a filling station for passenger cars on [..]

Latvia is open to German investment in innovative technologies and renewable energy – Karins

Latvia is open to German investment in innovative technologies and renewable energy, especially the development of offshore wind farms, Foreign Minister Krisjanis Karins (New Unity) told his German colleague Annalena [..]

EUR 8 million worth solar park to be inaugurated in Carnikava next week

Solar park Carnikavas SES, worth about EUR 8 million, will be inaugurated in Carnikava next Wednesday, November 1, at 10 a.m., as Merito Partners representative Agnese Ruberte informed LETA. Investment [..]

Energy battery parks mark launch of New Generation Lithuania plan – PM

Lithuania’s four battery parks on Wednesday started providing the isolated operation reserve service at their full combined capacity of 200 megawatts (MW). Lithuanian Prime Minister Ingrida Simonyte says this electricity [..]

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Source: Pexels.com (illustrative picture)

Unplanned tax changes are harming Latvia’s international reputation and will significantly expand the shadow economy, FICIL warns

Vilnius. Source: Pixabay.com (illustrative picture)

Germany’s Finoa opens office in Vilnius to expand crypto services

Source: wikipedia.org

Russia enters Phase 0 of aggression against Europe – analyst

Oleg Khusaenov (CEO & Founder of Zubr Capital). Publicity picture

October in European tech venture: scaling trends, emerging patterns

Coca-Cola glass bottles are transported on a conveyor belt at the Mannheim production site of Coca-Cola Europacific Partners - CCEP Deutschland GmbH. Photo: Uli Deck/dpa Credit: Uli Deck/dpa

Coca-Cola workers in Germany secure pay rise after strikes

Publicity picture.

The development of the Baltic capital market as a driving force of economic growth – Baltic Capital Markets Conference 2025 to take place in Riga

Source: Pixabay.com (illustrative picture)

Lithuania’s border closures backfire? Lukashenko threatens to confiscate stranded lorries

Source: news.err.ee

Prime minister: What is happening in Tallinn concerns me from a security perspective

Publicity picture.

AS CleanR Grupa bond offering significantly oversubscribed – demand more than double the target amount

Source: balticcapmarkconference.com

Baltic finance ministers will meet in Riga at the Baltic Capital Markets Conference 2025 to discuss the role of capital markets in economic growth

Tallinn

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Riga

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Vilnius

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