Eight Baltic Sea electricity TSOs publish offshore system study to promote coordinated sea basin planning
The electricity Transmission System Operators (TSOs) of eight countries bordering the Baltic Sea today published the first comprehensive regional system study for offshore network infrastructure and offshore wind, marking a significant step toward coordinated sea basin planning in Europe.
The TSOs of Denmark, Estonia, Finland, Germany, Latvia, Lithuania, Poland and Sweden – organised in the Baltic Offshore Grid Initiative (BOGI) – developed a study that moves from electricity transmission corridors to potential projects for the 2040-time horizon. The results show that the Baltic Sea region can become a clean energy hub, with around 13 GW of new cross-border interconnectors and up to 50 GW of additional offshore wind identified by 2040. These connections include point-to-point links between countries and strategic offshore nodes such as Bornholm, which could serve as future hybrid hubs. The market modelling indicates that these interconnectors would operate with high utilisation throughout the year and significantly reduce system costs, price peaks and CO₂ emissions.
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Originally published on 22 Jan
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US healthcare products manufacturer Hollister Incorporated is expanding its Lithuanian operations. This month, the company has officially opened its financial services center, Hollister SSC Lithuania, complementing its manufacturing facility, Hollister Lietuva, located in the Kaunas Free Economic Zone. Building on this growth, the company has announced plans to establish a new product development (NPD) center at its Lithuanian facility later in the year.
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Originally published on 14 Jan
Estonia opened the first Business Hub in U.S. Located at the Embassy of Estonia in Washington, D.C., the Business Hub will serve as a bridge between Estonian companies and the vast business opportunities in the U.S. market. A delegation of Estonian defence industry innovators was present at the opening event, also attending the annual AUSA conference.
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Originally published on 17 Oct