The Estonian government plans to split the state-owned energy group, Eesti Energia, into three separate companies, Finance Minister Mart Võrklaev announced, ERR reports. He said that the plan was to list shares of network operator Elektrilevi and renewable energy producer Enefit Green on the stock exchange. However, Võrklaev said that he was no longer in…
The share of renewable sources in total energy consumption in the Baltic States was highest in Latvia in 2022, LSM reports. Eurostat data showed that 43.3% of Latvia’s gross final energy consumption came from renewable sources in 2022, which was up from 42.1% in 2021. Estonia came in second with 38.5% (37.4%), followed by Lithuania…
The Lithuanian renewable energy company, Green Genius, will invest EUR 179mn in solar farms in Latvia and Lithuania, BNS reports. The company plans to invest EUR 109mn in a 153-hectare solar farm near the Latvian city of Jekabpils and EUR 70mn in a 140-hectare solar power plant in the Lithuanian town of Seduva. Green Genius…
Latvia’s parliament, the Saeima, has approved amendments to partially compensate electricity distribution tariffs in 2023, LSM reports. The government will cover 60% of the fixed part of electricity distribution tariffs from September 2023 until the end of the year, reducing electricity bills by an average of 18%. The support measure will cost around EUR 30.5mn,…
The network of public electric vehicle (EV) charging stations is growing rapidly in the Baltic States, ERR reports. Estonia has 0.57 EV charging stations, Latvia 2.38 stations, and Lithuania 0.93 stations for every 10 EVs registered. The total number of charging stations amounts to 311 in Estonia, 532 in Latvia, and 1,018 in Lithuania. Meanwhile,…
The volume of electricity produced in Estonia totalled 8,910 GWh in 2022, which was 21% more than in 2021, according to data from Statistics Estonia, ERR reports. Heat production totalled 5,074 GWh in 2022, which was up 8% from a year earlier. The volume electricity generated from shale oil rose by 42%, accounting for 57%…
The volume of electricity generated in Latvia totalled 4,997 GWh in 2022, which was 14.5% less than in 2021, according to the Central Statistical Bureau, LSM reports. Renewable energy sources accounted for 3,783 GWh of the total volume, which was up 1.7% from a year earlier. Hydro power plants generated 2,750 GWh (up 1.6%) and…
Latvia’s state-owned energy holding, Latvenergo, posted all-time record revenue and profit in the first half of 2023, LSM reports. The group’s six-month turnover amounted to over EUR 1.1bn, which was up 56% from the same period of 2022. The group’s profit rose by 57% to EUR 222.5mn. Latvenergo attributed the record performance to the spring…
Lithuania’s Energy Ministry plans to increase the protection of the country’s electricity infrastructure and Polish-owned oil company Orlen Lietuva’s refinery, BNS reports. Under an order drafted by Energy Minister Dainius Kreivys, the state will place key electricity infrastructure, including network connections with other countries, at a higher level of protection. Also, the state will place…
