Baltic Storage Platform secures a record €85.6mn ($90.6mn) to develop two battery energy storage sites in Estonia, marking the first such financing in the Baltics based solely on storage revenue streams.
Joint venture Baltic Storage Platform has secured €85.6mn ($90.7mn) to build two energy storage systems in Estonia, forming one of continental Europe’s largest battery complexes.
Taaleri Energia’s SolarWind III Fund partners with Lords LB Asset Management to develop a 112 MW onshore wind project in Smiltene, scheduled for commissioning in early 2027.
Ignitis Group has officially submitted its bid to develop a 700 MW offshore wind project in the Baltic Sea, under a Lithuanian state-supported tender scheme.
Ignitis Renewables acquires the remaining stake from Ocean Winds in the Curonian Nord project, securing full ownership of this strategic development in the Baltic Sea.
GVH and Samsung C&T join forces to accelerate international deployment of BWRX-300 small modular reactors, with a strong focus on Sweden and the consolidation of the nuclear supply chain.
The European Commission allocates EUR76.3mn ($80.63mn) to three projects aiming to strengthen energy interconnections between Member States, focusing on onshore and offshore wind power and decarbonised district heating.
The European Commission is preparing a new sanctions package including an accelerated ban on Russian liquefied natural gas, with negotiations already underway among member states.
French group Vinci, through its subsidiary Cobra IS, will electrify 870 kilometres of rail tracks across the Baltic States as part of the Rail Baltica project, in a deal worth €885mn ($944mn).
Canadian firm Aecon will collaborate with Estonia’s Fermi Energia on preparatory work for the BWRX-300 reactor, aiming to transfer Canadian expertise in small modular nuclear technology.
Elcogen opens a 14,000 m² facility near Tallinn, increasing annual capacity to 360 MW for Solid Oxide fuel cells and electrolysers, with backing from Baker Hughes and HD Hyundai.
Five energy infrastructure projects have been added to the list of cross-border renewable projects, making them eligible for financial support under the CEF Energy programme.
SE Ignalina, the Lithuanian nuclear operator, has signed a memorandum of understanding with French firm Newcleo to explore the integration of small modular reactors (SMRs) using lead-cooled fast reactor (LFR) technology in Lithuania.
Lithuania establishes a working group tasked with assessing the feasibility of modular nuclear reactors to meet electricity demand estimated at 74 TWh by 2050.
The Ignitis Group is starting the construction of three battery energy storage systems in Lithuania, with a combined capacity of 291 MW and a total investment of €130mn.
ORLEN Paliwa has doubled storage capacities and increased annual LPG handling by 65% in Szczecin, now reaching 400,000 tonnes following an investment exceeding PLN 150 million ($36.5mn).
European Energy secured EUR 145mn in financing from SEB and Swedbank to support wind, solar, and storage assets in Lithuania, reinforcing its regional expansion strategy.
