As Lithuania, Latvia, and Estonia gear up to synchronise their electricity grid with Continental Europe in just 100 days, they are also exploring a new initiative: a joint Baltic Energy Hub.
On October 31 in Vilnius, Dainius Kreivys, Lithuania’s Minister of Energy; Kaspars Melnis, Latvia’s Minister of Climate and Energy; and Jaanus Uiga, Estonia’s Deputy Secretary General for Energy and Mineral Resources, gathered to celebrate the successful synchronisation and announced plans to evaluate the creation of this Baltic Energy Hub.
The Baltic Energy Hub aims to integrate renewable energy from onshore and offshore sources while providing strong transmission capacity to Central Europe. With the potential to generate seven times more renewable electricity than the region consumes, the hub could significantly contribute to Europe’s decarbonisation goals.
Beyond enhancing energy independence, the hub would boost green energy production, accelerate exports, and attract energy-intensive industries looking for competitively priced green power. It also can potentially produce new energy products, such as green hydrogen, at scale and affordable prices.
“If we are successful, the Baltic States could emerge as a major player in Europe’s energy market,” said Lithuanian Minister Kreivys.
“This Energy Hub can stimulate further renewable energy growth, attract industries seeking sustainable energy solutions, and ultimately drive economic benefits for the entire region.”
The Latvian Minister emphasised: “The Baltic States are rich in natural resources. We have huge potential to produce green energy by delivering lower prices for citizens and businesses, ensuring regional competitiveness, and becoming a stable and sustainable energy export partner to Europe.”
“Interesting work on making our energy systems futureproof will not end with the synchronisation project. Deepening our energy collaboration will benefit all involved,” stated Estonia’s Deputy Secretary General for Energy and Mineral Resources, Uiga.
The Baltic Energy Hub Initiative embodies a shared vision for sustainable growth and energy security in Northern Europe. The Baltic States will strengthen their resilience, contribute to Europe’s climate goals, and create a blueprint for cross-border energy cooperation by creating a hub that combines renewable energy capacity with large-scale transmission to the continent.
