Regular households in Finland and Sweden can set their annual electricity bills at levels 30-40 percent lower than those charged to comparable households in Estonia. The main factors behind lower electricity prices in the Scandinavian nations are the large reliance on hydroelectric and nuclear power. Estonia has no mountainous terrain,Continue Reading
The risk of short-term high electricity prices this coming winter is at least as great as last year, said Marko Allikson, a member of the management board of Baltic Energy Partners. Marko Allikson said on the talk show “Esimene stuudio” that forecasts indicate average electricity prices this coming winter willContinue Reading
Europe’s energy security hinges on Norway and its transition from fossil fuels to renewable sources. That has big geopolitical implications for Ukraine and NATO. On GZERO World, Ian Bremmer delves into Europe’s urgent quest for energy independence and the broader geopolitical shifts that could redefine the continent’s future. With theContinue Reading
Evecon, an Estonian renewable energy company, and Corsica Sole, a French company, will build two battery energy storage systems with a total capacity of 200 megawatts in Harju County by 2025. The battery parks will be located in Kiisa in Saku Rural Municipality and Arukylä in Raasiku Rural Municipality, correspondingly.Continue Reading
Tensions mount in Oslo as long-simmering conflict over EU energy rules comes to the fore. Norway’s government risks crisis over a contentious package of EU energy bills. The center-left Agrarian Party has previously threatened to quit the administration in Oslo if the EU’s Clean Energy for All Europeans Package isContinue Reading
President Alar Karis issued somewhat of a cautionary salvo to the incoming Reform-Eesti 200-SDE coalition, likely to enter office next week, calling them to act responsibly and not simply surf a wave of post-election victory popularly. The head of state particularly picked out what he called the “unseemly” treatment ofContinue Reading
The area earmarked for wind farms in the maritime spatial plan will be divided into three to four parts and put up for auction in September. The winners of the auctions will play a key role in Estonia’s energy future. A total of 44 construction permit applications have been submittedContinue Reading
The consumption of hard coal in Finland increased by 10 percent during 2022 compared to the previous year, according to preliminary data published on Wednesday by Statistics Finland. The increased usage was especially apparent in the production of electricity and heat, the number-crunching agency noted, although consumption of coal asContinue Reading
The energy war started due to anti Russian sanctions and consequent rises in energy prices have brought massive profits to many energy firms without them having to do anything special. A windfall tax is one way to deal with these excessive profits. The EU-wide tax project has begun to takeContinue Reading
Said to be breakthrough sustainable innovation for the mining industry’s transition to low-carbon production, the very first battery-powered MT42 truck was presented this week. LKAB, Europe’s largest iron-ore producer, is ready to put the vehicle into operations hundreds of meters under the surface at its mine inside the Arctic Circle.Continue Reading