MNI: PBOC Net Drains CNY0.8 Bln via OMO Thursday

MNI: PBOC Sets Yuan Parity Higher At 7.1712 Thurs; -1.19% Y/Y

MNI BRIEF: China Feb LPR Remains Unchanged

MNI: Fed Can Take Time On Next Rate Cut - Jefferson

MNI China Daily Summary: Wednesday, February 19

MNI BRIEF: China Jan Utilised FDI Lower Than Last Year

MNI:AUSTRALIA JAN UNEMPLOYMENT RATE +4.1%

FED MINUTES: WANT FURTHER DISINFLATION BEFORE NEXT CUT

MNI: US REDBOOK: FEB STORE SALES +5.8% V YR AGO MO

GERMANY: Economy Ministry Lowers 2025 Growth Forecast As Expected

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

GERMANY: Kukies Considers Potential Non-Implementation Of 2024 Suppl' Budget

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

POWER: Baltics Power Plant Capacity Climbs to 13GW in 2024 Due to Wind, Solar

POWER
BulletPower BulletsEnergy BulletsCommodities

The Baltics increased its power plant capacity by 35% on the year in 2024 to 13GW, the highest in 15 years, due to the addition of new solar and wind projects, according to Latvian TSO AST. 

  • There was a total of 3.5GW of new wind and solar power plants installed in the Baltic region, with the total capacity climbing to 6GW.
  • This led to the amount of electricity produced climbing to 18.6TWh – the highest in the last six years. 
  • Local generation covered 68% of Baltic electricity consumption, a significant increase from 58% in the 2019-2023 period.
  • Power imports into the Baltic States dropped by 15%, totalling 11.004TWh. The biggest decline was in imports from Finland, which fell by 41.9% due to unplanned outages of the 650MW Estlink 2 connection.
  • But this was offset by an increase in the volume of electricity imported from Poland at 62.6% higher on the year, with Swedish volumes inching up 6.3% above volumes in 2023. 
158 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

The Baltics increased its power plant capacity by 35% on the year in 2024 to 13GW, the highest in 15 years, due to the addition of new solar and wind projects, according to Latvian TSO AST. 

  • There was a total of 3.5GW of new wind and solar power plants installed in the Baltic region, with the total capacity climbing to 6GW.
  • This led to the amount of electricity produced climbing to 18.6TWh – the highest in the last six years. 
  • Local generation covered 68% of Baltic electricity consumption, a significant increase from 58% in the 2019-2023 period.
  • Power imports into the Baltic States dropped by 15%, totalling 11.004TWh. The biggest decline was in imports from Finland, which fell by 41.9% due to unplanned outages of the 650MW Estlink 2 connection.
  • But this was offset by an increase in the volume of electricity imported from Poland at 62.6% higher on the year, with Swedish volumes inching up 6.3% above volumes in 2023.