Green energy made in the Baltics: power for development
ELWIND has been listed on the first list of green energy cross-border (CB RES) projects under the EU Connecting Europe Facility (CEF).
ELWIND has been listed on the first list of green energy cross-border (CB RES) projects under the EU Connecting Europe Facility (CEF).
Estonia has now become a front-runner green power in wind farms. A unique laboratory on the sea will be created near Saaremaa.
The rise in relative costs and the gas storage/demand gap in Latvia will make the path rockier, thus weakening competitiveness.
In Latvia, the second half of this year and the beginning of 2023 will see an even stronger slowdown of economic growth and energy resources.
Estonia has to cope with very high inflation and a recession in the second half of the year when the economy will decline by 3%. Perfect economic storm.
Lithuania’s growth forecast is revised down. Increased prices of food and energy slow down growth in trading partners, when it’s necessary to cut market distortions.
Despite firms only need certainties, EU keeps deducting from Poland as a result of not complying with the judiciary. But Warsaw could spoil the Fit for 55 climate packages.
Poland has launched the Baltic Pipe, the infrastructure which will deliver 6.5 billion cubic meters of Norwegian gas in 2023.
Despite retail sales in Poland rising by 4.2% YoY in August, with the inflationary everything-bubble prospects for upcoming quarters are deteriorating.
Energy independence, the fight against the shadow economy, digitization, stability and rule-of-law are essential for Latvia’s competitiveness and FDI attraction.