Renewable energy

A Dutch firm invests €45 million in an Estonian biocoal plant

Momentum Capital, a Dutch investment firm, has made a conditional investment of €45 million in the development of an industrial scale torrefaction biocoal plant in Vägari, Estonia. The Dutch company made the investment through its subsidiary, Baltania. According to Momentum, if all conditions of the investment are met, the construction …

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An Estonian wind turbine firm signs a €100 million deal in India

Goliath Wind, an Estonian company specialising in the development of wind turbines, incorporating its patented modular ring generators, entered a joint venture agreement with an India-based company, Steelite Engineering Limited. The deal, which was signed at the Estonian Embassy in New Delhi, is worth €100 million and will enable both …

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Estonia could fully switch to renewable energy sources by 2030

The head of the country’s renewable energy association says it should be possible for heat and power systems to fully switch to renewable sources by 2030, if there is political will. Rene Tammist, director of the Renewable Energy Association, told to Estonian Public Broadcasting that wind energy, supplemented when necessary …

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