SustainableDevelopment

Riga considering purchase of forestland

Riga Mayor Vilnis Kirsis has instructed the city’s executive director, Janis Lange, to talk to the municipal forest management company Riga Forests about the possibility of buying some of the [..]

EU invests over €380 million to support the green transition

The Commission has granted today more than €380 million to 133 new projects across Europe under the LIFE Programme for environment and climate action. The allocated amount represents more than [..]

Swedbank agrees to wind farm loan in Lithuania

Swedbank, which is a leading bank in Lithuania, has approved a loan of EUR 20.7 million to the state-owned energy group Ignitis Group with a repayment schedule of seven years. [..]

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 [..]

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. [..]

Ragn-Sells supporting proposed waste reform

While one of Estonia’s largest waste management companies, Eesti Keskkonnateenused, has been critical of the proposed waste reform, their competitor Ragn-Sells is not, affirming that the goal of the reform [..]

Estonian company Fibenol investing €700 million in biorefinery in Latvia

Estonian company Fibenol is investing €700 million in a biorefinery in Latvia. As recently as 2022, the company’s main shareholder Raul Kirjanen, had not ruled out the possibility of building [..]

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 [..]