Bids have been received by Latvia’s grid operator AST for an 80MW/160MWh BESS project while developers Corsica Sole and Everon will build a 200MW system in Estonia, as the Baltic region prepares to decouple from Russia’s electricity system in 2025.
The Central and Eastern Europe (CEE) energy storage market is in its infancy but has the potential to leapfrog more developed markets with Poland in a leading position, said executives from Fluence.
The energy storage market in Poland is “not an undersupplied one”, has higher financing costs and there is a two-year window in which you need to get in to capitalise on the opportunities, said renewable energy developer and IPP Aquila Clean Energy.
A state agency in Estonia has provided €5.2 million (US$5.7 million) in grants for 10 energy storage projects, including a 4MW/8MWh battery storage project from utility Eesti Energia.
Construction on a 550MW/6GWh pumped hydro energy storage project in Estonia will begin in summer 2024 after it was given the green light by regulators.
State-owned Estonian energy company Eesti Energia is planning to build a 225MW pumped hydro energy storage facility, as part of a wider push to become independent of Russian energy.
