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Estonia Hydroelectric Power Plant Industry Analysis
Estonia is a country located in Northern Europe, and its energy sector is dominated by oil shale, which makes up the majority of the country's electricity production. However, the country has also been investing in renewable energy, including hydroelectric power.
Currently, the hydroelectric power industry in Estonia is relatively small, with only a few operational hydroelectric power plants. According to the Estonian energy company Eesti Energia, there are five operational hydroelectric power plants in Estonia with a total capacity of 57 MW. However, the country has several undeveloped hydropower resources that could potentially be developed in the future.
In terms of new projects, Estonia has been investing in upgrading its existing hydroelectric power plants to improve their efficiency and output. For example, the Kunda Hydroelectric Power Plant, which has a capacity of 4 MW, was recently upgraded with new turbines and generators, increasing its capacity by 30%.
One major driver of the hydroelectric power industry in Estonia is the country's goal to increase its share of renewable energy in its overall energy mix. Estonia aims to produce 50% of its electricity from renewable sources by 2030, and hydroelectric power is seen as one potential solution to help achieve this goal. Additionally, the country's membership in the European Union has also played a role in driving the development of renewable energy, including hydroelectric power.
Looking forward, the outlook for the hydroelectric power industry in Estonia is positive, as the country continues to invest in renewable energy and upgrade its existing hydroelectric power plants. However, the potential for new large-scale hydropower projects is limited due to the country's geography and relatively small size. Nevertheless, the country's undeveloped hydropower resources and focus on increasing its renewable energy production indicate that there may be future opportunities for growth in the industry.
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