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Transitioning to a climate-neutral electricity generation
The study evaluates eight electricity generation pathways for Estonia, concluding that 'All technologies' and 'Renewable + Storage (offshore wind)' offer the best balance of benefits, costs, and feasibility. While all pathways can reach carbon neutrality by 2050, they require substantial investments averaging €8.0 billion. Key findings highlight the necessity of onshore wind, solar PV, and a massive build-out of battery storage (up to 9.3 GW by 2050) to manage intermittency. The report recommends streamlining planning processes, expanding the balancing market, and implementing risk-reduction instruments like contracts for difference to attract investment.
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Document type: Report