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Estonia's renewable energy market is on the rise, with renewables accounting for over 30% of the country's total energy consumption in 2022. This is expected to reach 40% by 2030, driven by government initiatives, favorable resource potential, and increasing investor interest. The country's renewable energy capacity is expected to reach 4.2 gigawatts by 2030, up from 1.6 gigawatts in 2022.
The Estonian government is committed to promoting renewable energy development and has set a target of increasing the share of renewables in the country's energy mix to 50% by 2050. The government is supporting the sector through various measures, including:
Providing subsidies and incentives for renewable energy projects
Establishing a renewable energy portfolio standard (RPS)
Investing in renewable energy infrastructure
The Estonian government procures a wide range of renewable energy products and services, including:
Solar photovoltaic (PV) panels: Estonia has been actively promoting solar energy, with over 200 megawatts (MW) of installed PV capacity.
Wind turbines: Wind energy is another major source of renewable energy in Estonia, with over 400 MW of installed capacity.
Biomass energy: Biomass energy, particularly from wood, plays a significant role in Estonia's renewable energy mix, accounting for around 10% of the country's total energy consumption.
The top authorities for renewable energy procurement in Estonia are:
The Ministry of Economic Affairs and Communications (MKM)
The Estonian Renewable Energy Association (ERE)
The Energy Market Authority (EMA)
Major companies that have secured significant renewable energy procurement contracts in Estonia include:
Eesti Energia: Eesti Energia is the largest energy company in Estonia and has a growing portfolio of renewable energy assets, including wind and solar projects.
Enefit Green: Enefit Green is a subsidiary of Eesti Energia and is focused on developing and operating renewable energy projects in Estonia and the Baltics.
Sunly: Sunly is a renewable energy developer with a focus on solar projects in Estonia.
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