The European Commission has approved an amendment to an Estonian scheme supporting electricity production from renewable energy sources and efficient co-generation.
Enefit Green has reached final investment decision on the 74MW Sopi solar PV project in Estonia, into which it will invest approximately €44 million (US$47 million).
Enefit Green, the renewables subsidiary of Estonian state-owned utility Eesti Energia, is looking to procure up to 500MW of solar modules in the next three years.
Solar already jumped ten-fold last year and could help Baltic state succeed in its move away from shale oil if clear targets are set, says review by global energy watchdog.
