Construction permit secured for 550 MW pumped hydro storage project in Estonia
Energiasalv has been granted a construction permit by the Consumer Protection and Technical Regulatory Authority of Estonia for the construction of the 550 MW pumped hydro storage facility in Paldiski, on the Pakri Peninsula of northwestern Estonia.
The project is part of the 10-year network development plan drafted by the European Network of Transmission System Operators (Entso-E) that started in 2009. Energiasalv has been granted EUR650 million (US$708.1 million) funding as an EU Project of Common Interest. The pumped hydro plant is expected to provide up to 6 GWh of storage capacity during the one storage cycle of 12 hours. The output of the recorder is comparable to the average daily electricity consumption of Estonian households.
The company will continue with the pre-qualification process for construction procurement at the beginning of February. It intends to complete the procurement process in 2023 and start construction of the project in the summer of 2024. The project is planned for commercial operation by 2029.
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