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Lithuania and Estonia sell renewables statistics to Luxembourg

EWPA's blog - eteap October 30, 2017

On Oct 26th, Lithuania and Luxembourg signed a cooperation agreement on the statistical transfer of renewable energy which helps Luxembourg to achieve its national renewable energy target by receiving a statistical transfer of a specified amount of renewable energy produced in Lithuania. The same day, the Estonian Government authorized its Minister of Economic Affairs and Infrastructure to sign a similar agreement with Luxembourg which will likely take place in Tallinn on the 7th of November, 2017. This is the first time ever when cooperation mechanisms are used so one EU Member State can reach its renewable energy target with the help of another one. 

All EU Member States are committed to increase the use of renewable energy by 2020. Estonia was the first Member State who achieved its 25% target already in 2011. In 2015, the share of renewables in Estonia was 28,6% and this is expected to increase further up until 30% by 2020. According to the Renewable Energy Directive, it is possible for EU Member States to cooperate in order to jointly reach their national renewable energy targets. Revenues generated under the cooperation must be used by the donor country to accelerate the deployment of renewable energy sources.

Lithuania’s national renewable energy target is 23% and it was reached in 2015, when Lithuania achieved a share of 25.75% of renewable energy in its gross final energy consumption. Luxembourg’s national renewable energy target is 11%. Luxembourg achieved a 5% renewable energy share in its gross final energy consumption in 2015.

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