RIGA - Increase of wind energy capacity would help the Baltic states to solve the historical shortage of energy capacities and would provide a possibility to increase electricity export, said Climate and Energy Minister Raimonds Cudars (New Unity) at the conference WindWorks. Moving Energy today.
Opening the conference, Cudars said that transition of energy systems from fossil fuel to renewable energy sources, first of all, is related with an urgent need to reach climate changes goals. Second, the geopolitical situation with Russia's war in Ukraine and disruption of supply chains has sped up the transition to renewable energy sources.
"At present, security, sufficiency and availability of energy supplies are significant for economic growth and social welfare of any country," said Cudars, underscoring that the role of wind energy in achieving these goals should not be underestimated.
The minister said that Latvia is aware of the need to increase the wind energy volumes. First, it would help to solve the historical shortage of energy capacities in the Baltic states as currently the Baltic states generate by 30 percent less energy than it consumes. Second, it is chance to use the natural advantage in wind power generation and increase power exports.
The minister underscored that Latvia should provide a clear market regulation and think about transportation of energy capacities outside the Baltic region.