Liivi Laht Offshore Wind, Estonia

Liivi Laht Offshore Wind is a 1,000MW offshore wind power project. It is planned in Gulf of Riga, Estonia. The project is currently in permitting stage. It will be developed in single phase. Post completion of the construction, the project is expected to get commissioned in 2030.

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Wind Power Market seeing increased risk and disruption

The wind power market has grown at a CAGR of 14% between 2010 and 2021 to reach 830 GW by end of 2021. This has largely been possible due to favourable government policies that have provided incentives to the sector. This has led to an increase in the share of wind in the capacity mix, going from a miniscule 4% in 2010 to 10% in 2021. This is further set to rise to 15% by 2030. However, the recent commodity price increase has hit the sector hard, increasing risks for wind turbine manufacturers and project developers, and the Russia-Ukraine crisis has caused further price increase and supply chain disruption. In light of this, GlobalData has identified which countries are expected to add the majority of wind power capacity out to 2030. Get ahead and download this whitepaper for more details on the current state of the Wind Power Market.

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Project Type	Total Capacity (MW)	Active Capacity (MW)	Pipeline Capacity (MW)	Project Status	Project Location	Project Developer
Offshore	1,000	–	1,000	Permitting	Estonia	Eesti Energia

Description

The project is being developed by Eesti Energia.

The project is expected to generate 3,500,000MWh of electricity. The project will be spread over an area of 183km².

The wind power project consists of 160 turbines.

Development Status

Post completion of the construction, the project is expected to get commissioned in 2030.

About Eesti Energia

Eesti Energia AS (Eesti Energia) is a state-owned energy company that operates in the gas and electricity markets. It also operates in the international liquid fuels market. It carries out mining of oil shale, production of oil, power and heat, and development of oil shale refining know-how and technologies. The company produces electricity from oil shale, water, wind, biogas, sunlight, biomass, and mixed household waste. Eesti Energia markets liquids fuels to heat producers, energy businesses, chemical businesses, road builders, agricultural producers, production businesses, producers and sellers of marine fuels, and refiners of crude oil. It sells electricity to the retail customers in Baltic region and Poland. The company has presence in Estonia, Finland, Sweden, Poland, Latvia, Lithuania, and Jordan. Eesti Energia is headquartered in Tallinn, Estonia.

Methodology

All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.