Estonian Climate Minister Yoko Alender and Finland’s Minister of Environment and Climate, Kai Mykkänen, have signed a memorandum of understanding on increased cooperation in protecting critical undersea energy infrastructure, BNS reports. Under the agreement, Estonia and Finland will set up a steering group to develop their cooperation on ensuring the resilience and security of undersea…
Estonia’s Climate Ministry has proposed amendments to exempt electricity storage facilities from double fees as of the beginning of 2026, BNS reports. Under the amendments, renewable energy and grid transmission fees for storage equipment would only be charged on net consumption for the calendar month. Owners of storage devices would thus only pay for the…
Estonia’s Ministry of Climate will propose legislation to support the development of more wind farms both on land and at sea, ERR reports. Climate Minister Yoko Alender said that the ministry would create a 20-year support plan for offshore wind farms. The ministry plans to hold an auction for offshore wind capacity in the first…
The Estonian Reform Party will appoint MP Jürgen Ligi as the new finance minister in the incoming three-party coalition government, outgoing Finance Minister Mart Võrklaev announced, ERR reports. Ligi served as defence minister in 2005-2007 and finance minister in 2009-2014. He has also served as foreign minister and education minister. Moreover, Võrklaev said that Reform…
Estonian Finance Minister Mart Võrklaev suggested floating the company coordinating the Rail Baltica railway project, RB Rail, on the stock exchange to raise more funds amidst rising construction costs, ERR reports. Construction costs in Estonia alone are estimated at EUR 3.1bn, with EUR 1.2bn secured from EU funding. Võrklaev said that the government expected to have…
Estonia’s Minister of Climate, Kristen Michal, will replace Kaja Kallas as prime minister and chairman of the Estonian Reform Party, ERR reports. Kallas is due to resign after the NATO summit in Washington. The government will then be dissolved, and Michal will open talks on a coalition agreement. The current three-party coalition is likely to…
Estonia’s state-owned national airline, Nordica, will cease operations, ERR reports. Climate Minister Kristen Michal said that the government would allocate EUR 14.5mn to Tallinn Airport to ensure competitive fees and secure important routes. Another option is for the government to begin procuring direct flights to key destinations. The Ministry of Climate has contacted seven potential…
Estonia’s state-owned airline, Nordic Aviation Group (Nordica), generated consolidated revenue of EUR 85.5mn in the first nine months of 2023, which was up 29.8% from the same period of 2022, ERR reports. The rise in revenue was due to fleet expansion and increased number of passengers. However, revenue remained significantly lower than targeted due to…
Estonia’s state-owned airline, Nordic Aviation Group (Nordica), generated a consolidated turnover of EUR 54.9mn in the first half of 2023, ERR reports. The group suffered a net loss of EUR 7.2mn. David O’Brock, chairman of Nordica’s supervisory board, noted that the situation in the aviation market was complicated, with late deliveries of leased aircraft, short…