Baltic States agree to expand wind power capacity 7 times

A number of countries in the Baltic Sea region have agreed to accelerate the phase-out of Russian energy sources and develop wind power capacities in the Baltic Sea in order to increase them by 7 times by 2030 - from 2,800 MW to at least 19,600 MW, Report informs citing Interfax.

According to the Lithuanian Energy Ministry, the relevant declaration was signed by the energy ministers of Poland, Sweden, Germany, Finland, Denmark, Estonia, Latvia and Lithuania itself at the Baltic Sea Energy Security Summit.

The document stipulates that in the coming years, the attention of the participants will be directed to expanding cooperation in the field of liquefied natural gas (LNG) imports, including the construction of the necessary infrastructure, such as ports and LNG terminals.

"We need to create a tightly integrated, well-connected regional energy market to ensure uninterrupted energy supplies, affordable prices for our consumers. We agreed to move towards greater market integration, because this is the only way we can increase our security and competitiveness," Energy Minister of Lithuania Dainius Kreivys said.