Events, data and analysis from the Baltic economies
Editorial archive
In October 2024, wholesale electricity prices were almost identical across the three Baltic states. Two years later, Estonia is trading at a substantial discount to Latvia and Lithuania, which continue to move almost in lockstep. September’s results confirm…
PhotoIgnitis ON has opened an expanded electric vehicle charging park at the Nordika shopping complex in Vilnius, with ten 200 kW charging stations capable of serving 20 vehicles simultaneously. The upgraded facility, announced on 14 October, replaces existing…
Retail wood pellet prices in Latvia have risen sharply, driven by supply constraints, production costs and demand from export markets, according to an assessment by the Competition Council. Between October 2025 and late August 2026, the average listed…
A Lithuanian-owned wind park near Liepāja has been ordered to stop its turbines after 18 protected bats were found dead around the site within two weeks — twice the threshold set for the testing phase. Latvia’s Nature Conservation…
PhotoSun Investment Group and Eternia Solar have proposed extending their bond maturities by six months, citing delays in project implementation and expected cash inflows. Sun Investment Group proposes moving its repayment deadline from 29 November 2026 to 29…
Lithuanian transmission system operator Litgrid has signed an €8.97 million contract with TETAS to reconstruct the 110 kV switchyard at the Mažeikiai power plant substation. The substation is a key part of the local electricity system. It supplies…
Latvia’s NorSAF and UK clean-technology company Nova Pangaea Technologies have signed a memorandum of understanding to develop an advanced ethanol production plant in Latvia. The planned plant would use locally sourced wood waste to produce second-generation ethanol using…
Lithuania’s battery build-out has reached the point where the number of new projects is no longer the main story. A market for what those batteries can actually do for the power system is beginning to take shape. On…
Estonian industrial group Viru Keemia Grupp has opened its new €75 million Uus-Kiviõli oil shale mine, securing a new raw-material base for its shale oil production.VKG expects the mine to provide oil shale for approximately 30 years. The…
Estonian renewable-energy developer Sunly has opened a 54 MW solar park near Matīši in northern Latvia, the first operating part of a larger hybrid energy project combining solar, wind generation and battery storage. The wider project is expected…
Wholesale electricity prices fell sharply across the Baltic region in the second half of last week as wind generation recovered. Between 14 and 20 September, Lithuania’s average Nord Pool price declined by 16%, from €114/MWh to €96/MWh. Latvia…