New Estonian offshore wind sites attract initial investor interest but final outcome uncertain

Three unexplored Estonian offshore wind areas have attracted initial investor interest to build new projects. However, a recently failed auction round at a fourth site puts a question mark on the success of the expected future auctions.

Estonia relies on having 1 GW offshore wind capacity operational by 2030 in order to reach 100 % renewabe electricity production which could boost the country’s position as an exporter of guarantees of origin (GOs) within the AIB.