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Estonian-Latvian ELWIND project selected for funding

The ELWIND project (the Estonian-Latvian Joint Hybrid Offshore Wind Project) has been selected as one of the winners of the 2022 CEF Energy call for works and studies for cross-border renewable energy projects.

ELWIND is a cross-border project aiming at strengthening Estonia and Latvia’s energy market by investing in offshore wind electricity production, a hybrid interconnector and transmission lines to connect the two countries.

CEF Energy funding will support with a grant of 18,755,000 euros the pre-development activities of this joint offshore wind project, making sure that all necessary studies are done in order to receive permits to use specific maritime areas (one in Estonian and one in Latvian maritime area) for production of offshore wind energy.

The plan is to build two offshore wind parks, one in Estonian and one in Latvian waters with a total capacity of up to 1 gigawatt (GW), but the final setup will be decided after environmental impact assessment and conducting all needed studies.

By making large-scale domestic green energy available, the project will lower and stabilise electricity prices and will help to ensure the countries’ energy security. The project will also accelerate the region’s green energy transition, as it is estimated that the electricity generated in ELWIND wind parks would cover the need to fully electrify the entire transport sector of both countries.

The studies, coordinated by the Investment and Development Agency of Latvia and the Environmental Investment Centre in Estonia, are expected to be finalised by December 2027. If the studies’ outcome is positive and subject to the project’s final investment decision, the construction of the wind farm could start in 2028 with the aim of commissioning the final project in 2030.

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