The Finnish and Estonian electricity network operators Fingrid and Elering have signed a letter of intent to start planning the construction of a submarine cable connection between third countries, Fingrid said in a statement issued on Tuesday.
After the completion of the EstLink 3 connection under the Gulf of Finland, the company estimates that there will be 700-1,000 megawatts.
The Finnish state’s majority-owned electricity transmission network operator Fingrid said that work on the new link is expected to be completed by 2035.
CEO of the company, Jukka Ruusunensaid additional transmission capacity to secure access to the Baltic electricity market.
Russia cut off all electricity exports to Finland in mid-May. Russian electricity is no longer coming to Finland, as the Finnish state-owned electricity company Fortum had already suspended the import of electricity to Imatra at the eastern border.
There are currently two direct electricity connections between Finland and Estonia; Estlink 1, completed in 2006, and EstLink 2, completed in 2014, according to Fingrid, have a combined transmission capacity of approximately 1,000 megawatts.
The company also stated that it will build a new electricity connection between Finland and northern Sweden, Aurora Line, which is expected to be completed in 2025.
Construction of the second Aurora line is scheduled to begin in the early 2030s.
Source: The Nordic Page