An example of this is the Norwegian Forestry Agency and Vattenfall's project on the development and construction of Finland's first offshore wind project (which will never happen)
Comments
Log in with your Bluesky account to leave a comment
3. AND IMPORTANT Lithuania has announced that by the end of this decade it plans to build up to 9.4 GW of RES capacity, while Estonia – up to 3 GW. If the neighbouring countries implement large wind and solar energy projects first... #energy
3. cont - a situation may arise in which it will no longer be economically useful for Latvia to implement large RES projects, thus we can become a net importer for at least the next 30 years, reducing our GDP accordingly and de facto sponsoring the development of neighboring countries.
4. Under the current market conditions, the cost of building an offshore wind farm exceeds the expected profits of developers, which means that at the moment the developer may not be interested in building a wind farm if no support is provided.
The scenario with 15 MW turbines and the Latvian side offshore wind farm capacity of the ELWIND project of 750 MW provided the lowest levelized electricity cost (LCOE) estimate of 84 EUR/MWh, which exceeds the future projected electricity market prices estimated at 54 EUR/MWh to 70 EUR/MWh by 2050
5. Taking into account the latvian enektroenergy consumption forecast, which shows that by 2035 the planned generating capacities in Latvia will not be able to cover the projected electricity consumption of Latvia in the amount of 12 TWh
Comments