The agreement was signed by the Estonian Minister of Economic Affairs and Infrastructure, Kadri Simson and Deputy Prime Minister and Minister of the Economy of the Grand Duchy of Luxembourg, Étienne Schneider.
The quantities sold are fixed for transactions in 2018 and 2020, in the cumulative amount of € 10.5 million. Additional conditions have been agreed on, that would allow Luxembourg to increase its purchases.
The share of renewable energy in Estonia is so high these days that it exceeds our target level in the EU (25%). This large share consists primarily of the heat economy (district heating and household firewood). The transaction with Luxembourg comprises approximately 1/3 of our annual surplus in 2018 and 2020.