The leading energy park developer in the Baltics, Evecon, welcomed the development that the Ministry of Climate has begun mapping the status of renewable energy projects this year. This initiative allows the country to accomplish the green transition ahead of the planned schedule.
“This past year marked a significant step forward in renewable energy,” noted Karl Kull, CEO of Evecon OÜ. “A very positive development was the Ministry of Climate’s initiative to map the status of renewable energy projects. This demonstrates that wind farm developments are being carried out to a considerable extent on land, not just planning for future offshore park developments. If Estonia continues in the same direction, the green transition can be completed before 2030.”
According to Kull, the past year was a breakthrough for Evecon itself, transforming from a relatively unknown renewable energy producer to an energy company that, in addition to ongoing development projects in the region, will soon offer electricity system regulation services and whose investments are strategically important from the perspective of the entire European market.
“We believe that supply security can be ensured through cooperation with the private sector in an open market environment, and to ensure Estonia’s energy security, we should adhere to the principle of technology neutrality to encourage the emergence of suitable equipment,” said Kull.
This year, four solar parks of various sizes built by Evecon began operations. In July, Estonia’s first larger tracker solution solar park with a capacity of 8.74 MW was completed in Paide. In September, Evecon opened the largest solar park in Southern Estonia near the village of Tsirguliina in Valga County with a total capacity of nearly 16 MW. In addition, work started on the Vase Park in Mustvee with a capacity of 4.4 MW and the Ringimetsa Park in Elva with a capacity of 3 MW.
In November, Evecon and Corsica Sole, the leading energy storage company in France, established a joint venture, Baltic Storage Platform, which will build a 400 MWh battery park complex in Estonia by 2026. It will be the most powerful battery park complex of its kind in Continental Europe.
In Lithuania, Evecon completed solar parks totaling 44 MW this year, serving as energy cooperatives for prosumers.
Evecon, the Baltic’s leading energy park developer based on Estonian capital, will develop 78 solar power plants with a total capacity of 1465 MW by the end of 2024 and 20 wind parks with a capacity of 1200 MW by the end of 2027.
