Lithuania under a so-called 'statistical transfer of renewable energy' has agreed to cede a specified amount of output to Luxembourg between 2018 and 2020 to help the fellow EU member state meet its 2020 renewables target, in exchange for a payment of about €10m ($11.7m).
The agreement signed in Luxembourg today may become a blueprint for a much larger deal at a later stage related to an also theoretical transfer of offshore wind power from a yet-to-be-built large array off Estonia’s coast – but only if the EU were to make planned 2030 RE targets binding.
