Posts Tagged ‘Estonia’
South Korean defence industry company Hanwha Aerospace officially joined the Estonian Defence and Aerospace Industry Association this week
South Korean defence industry company Hanwha Aerospace, which cooperates with several Estonian defence industry companies, officially joined the Estonian Defence and Aerospace Industry Association this week.
Hanwha Aerospace is one of the leading defence and aerospace manufacturers, with a broad portfolio spanning artillery systems, aircraft engines, armoured vehicles, and space technology. Their growing presence in the European defence market makes them a valuable addition to our network.
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Originally published on 19 Mar
Read MoreEnefit to Triple Its Battery Storage Capacity
Enefit, the electricity business of Eesti Energia, is expanding its energy storage portfolio by building three new battery storage systems next to its wind farms in Lithuania. The new systems will have a combined capacity of 46 megawatts (MW) and 184 megawatt-hours (MWh). Once completed, Enefit’s storage portfolio will grow from the current 29 MW to 75 MW, strengthening the company’s position in the Baltic energy storage market.
“Energy storage is a key component of the modern energy system. Battery solutions help balance wind and solar generation, support grid stability, and mitigate high price peaks,” said Donatas Celešius, Member of the Management Board of Enefit and Head of Business Development. “Storage solutions also increase the value of our existing production assets and strengthen our integrated generation portfolio as a whole.”
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Originally published on 19 Mar
Read MoreEstonia Increases Film Estonia cash rebate programme to 40%
Great news for our international partners. Estonia will increase the Film Estonia cash rebate from 30% to 40%, strengthening the country’s competitiveness in the international film production market. “It’s official. Minister Heidy Purga has confirmed the final step of a long process: Film Estonia moves forward with a 40% cash rebate for film and TV production.
Regulations still need to be updated — and then, let’s roll!” stated Edith Sepp, head of the Estonian Film Institute.
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Originally published on 9 Mar
Read MoreSunly signs PPA agreement for 60 MW solar park in Poland
Sunly has signed a power purchase agreement (PPA) with Respect Energy for the Rzezawa solar park in southern Poland. The agreement covers the sale of 100% of the electricity generated by the 60 MW photovoltaic installation.
The contract has been concluded in a “pay as potentially produced” structure. In addition to the electricity offtake, the cooperation includes providing balancing services with the installation. Respect Energy will act as the Balancing Services Provider (BSP), enabling the solar park to participate in the balancing market once the formal qualification process and technical integration are completed.
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Originally published on 18 Mar
Read MoreBolt partners with NVIDIA to build Europe’s autonomous vehicle foundation
Estonia is no longer just a land of humble startups, as its premier companies are scaling ambitions. This week, Tallinn-based mobility giant Bolt announced that it will partner with NVIDIA to develop an AI-powered platform for autonomous vehicles tailored specifically to European roads.
The collaboration pairs Bolt’s vast amounts of real-world driving data — collected daily across its ride-hailing, carsharing, micromobility and delivery operations in 50+ countries and 850+ cities — with NVIDIA’s latest autonomous driving stack.
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Originally published on 17 Mar
Read MoreIuteBank begins operations in Ukraine
Iute Group, a leading European personal finance group, begins operations with IuteBank in the Ukrainian banking market on 17 March 2026. The start of operations follows the completion of the transition process and marks an important milestone in the Group’s expansion of its digital banking model into one of Europe’s most digitally advanced financial markets. The transition process was completed earlier than initially expected.
With the start of operations, IuteBank will initially offer a focused set of core banking services, including current accounts, deposits, and instant payments, to its existing customer base. This initial phase is designed to ensure a stable and well-governed foundation. The build-out of Iute’s full digital product capabilities and the launch of a comprehensive value proposition, including mobile banking and active customer acquisition, is planned for early 2027.
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Originally published on 16 Mar
Read MoreUXP receives GovStack recognition as a trusted Information Mediator solution
Cybernetica joins GovStack’s network of recognised companies, with Unified eXchange Platform (UXP) officially approved by GovStack as a software compliant with the Information Mediator Building Block — a foundational component of the GovStack reference architecture for digital public infrastructure (DPI).
The Information Mediator (IM) is one of the most critical building blocks in the GovStack reference architecture, serving as the central nervous system of a digital government. It enables other building blocks — such as identity, payments, and registries — to communicate in a secure and verifiable manner. Without a robust IM layer, interoperability across government systems remains fragmented and vulnerable.
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Originally published on 16 Mar
Read MoreEstonian Defence Week “How to Win the Next War” to convene 4,000 defence leaders in Tallinn
Estonian Defence Week (EDW) will take place in September 2026, hosted by the Estonian Defence and Aerospace Industry Association (EDIA) together with the Ministry of Defence, the International Centre for Defence and Security (ICDS) and Tehnopol Science and Business Park.
Building on the strong foundation of last year’s inaugural edition — with international exhibitors including major global players such as Airbus, BlackBerry, and Saab — the 2026 event will take place under the title “How to Win the Next War”, attracting defence companies, investors, policymakers, and military leaders from Estonia and abroad.
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Originally published on 12 Mar
Read MoreEstonia breaks ground on its largest homegrown battery energy storage
Grid independence means little without the capacity to balance it — and Estonia is now building that capacity with domestic capital. According to the press-release, Estonian companies Diotech OÜ and Transcom AS have begun construction on a 100 MW / 200 MWh battery energy storage system (BESS) in Tsirguliina, Valga County.
Dubbed Project Zirgu, it is the largest battery energy storage facility to be developed with entirely Estonian capital, and its first phase is scheduled for completion by March 2027.
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Originally published on 10 Mar
Read More2025 in review: Invest Estonia sets record with €431M in investment decisions
In 2025, new and existing investors committed to €431M worth of investment decisions with support from Invest Estonia, marking the highest figure on record.
Investment decisions were concentrated primarily in electronics, chemicals, energy, wood processing, machinery, and metals. Around 40% of the total represents entirely new investments, whilst over 30% relates to reinvestments by foreign-owned companies already operating in Estonia. A further fifth comprises planned acquisitions.
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Originally published on 9 Mar
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