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Estlink2 Cable Project Milestones: Enhancing Energy Connectivity in the Baltic Region

Follow the key milestones and recent developments of the Estlink2 cable project, a joint venture between Fingrid and Elering, with a capacity of 650 MW and total investment cost of €320 million. Learn about the positive impact on the Estonian power market, including the opening of a new Estlink price area and increased Elspot procurement. Discover how the project progressed from seabed surveys to signing contracts in 2010, paving the way for improved energy connectivity in the Baltic region.

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Estlink2 Cable Project Milestones: Enhancing Energy Connectivity in the Baltic Region

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  1. Milestones of the Estlink2 cable project Timo Partanen Energy Market Authority Timo.Partanen@emvi.fi

  2. Estlink2, recent development • Investment decision May 20th, 2010 • Fingrid / Elering share 50/50 • Capacity 650 MW • Total investment cost 320 million € • Commissioning early 2014 • Preconditions: • 100 million € investment subsidy from EU • Positive development on the Estonian power market

  3. Recent development in the Estonian power market • Nord Pool Spot opened new Estlink –price area early April. • Fingrid and Elering rented 250MW capacity from the owners of present Estlink-cable for NPS. • Total present capacity of Estlink is 350 MW. • Elspot-procurement in Estonia exceeds 20 %. • Almost all of the available Elspot / Estlink- capacity has been used. • Finnish and Estonian prices have differed 80% of hours, so new capacity is desperately needed.

  4. Estlink and Estlink2

  5. Estlink2 interconnection cross section

  6. Estlink2 Project schedule

  7. Estlink2 Key project milestones • Seabed survey report done in December 2009 • Starting of PQ procedures for the cable and converter suppliers in December 2009 • Environmental studies and permit applications done in February 2010 • Final investment decision in May 2010 • Inquiry documents ready for the cable and converter in May 2010 • Signing of the cable and converter contracts in December 2010

  8. Thank you for your attention!

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