Luxembourg bought €16.5mn green energy from Lithuania, Estonia

Luxembourg Times | Jan 21, 2020 at 12:54 PM
  • Luxembourg bought €16.5 million worth of renewable energy from Lithuania and Estonia in 2017 and 2018 in order to meet its green targets.
  • The energy transferred to Luxembourg from the Baltic countries represented a quarter of all of the country’s green energy in 2018 and meant that Luxembourg hit its intermediary target of renewable sources making up 7.47% of energy consumption.
  • The EIB will stop financing fossil fuel projects from December 2021.