Events, data and analysis from the Baltic economies
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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…
Estonia will carry out a national-security assessment of the six candidate sites being considered for a planned nuclear power plant in Viru-Nigula and Lüganuse municipalities. The Ministry of Defence, Defence Forces and Centre for Defence Investments will assess…
Solar power plants generated 221 GWh of electricity in Latvia in August, more than twice the level recorded a year earlier, according to transmission system operator Augstsprieguma tīkls. Solar accounted for almost 60% of all electricity generated and…
Baltic prices fell sharply from June as wind generation strengthened across Northern Europe and the region. They still remained above July 2025 levels in all three Baltic states.
PhotoThe Estonia–Latvia monthly price gap widened from less than €2/MWh to almost €30/MWh in one year, while Latvia and Lithuania moved as a tight price pair. A material price divergence inside the Baltic electricity market became visible from…
PhotoThe Baltic market is moving from a simple generation story to a flexibility market: grid capacity, balancing reserves, hydro dispatch, battery storage and the ability to shift electricity between cheap and expensive hours are becoming central to price…
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