Importance of the project
EstLink 2 Connects the Estonian Electricity System Closer to Europe
With the completion of EstLink 2 in 2014, the Baltic region is no longer an isolated energy island. Together with EstLink,1 the new cable connects Estonia tightly to the rest of Europe with a combined transmission capacity of 1000 MW. This means that Estonia’s security of supply and energy security is more reliably supported.
EstLink 2 Ensures that the Open Electricity Market Functions Effectively
In 2013 the Estonian electricity market opened completely, and good cross-border connections were needed for the market to work well. EstLink 2 triples the maximum transmission capacity between Estonia and Finland, meaning that electricity producers and consumers are able to buy and sell much larger quantities of electricity in the Nordic and Baltic markets. This leads to increased competition, helping to ensure that consumers are offered the best possible electricity price.
In addition to EstLink 2, the are other connections being built in Nortern Europe during the upcoming years - NordBalt connection is being built between Lithuania and Sweden (operational from 2016), a third line is being built between Estonia and Latvia (2020), and the LitPol connection between Lithuania and Poland is expected to be completed in 2020. All of these connections will play a big role in connecting the region to Europe and contributing to a common electricity market.
EstLink 2 is a Major Project with International Significance
EstLink 2 is an important project of great international significance. The second submarine cable between Estonia and Finland is a good example of partnership on many levels, including politicians, various state authorities, grid operators and others parties connected to the electricity market.
In addition to its international importance, EstLink 2 is a very large project for Estonia domestically. It represents the largest investment ever made in the Estonian electricity system after the new power plants in Narva. It is also a highly innovative project in its technical complexity as no submarine cable of similar scale has ever been installed in Estonia before.