From Oil Shale to Wind Power: Estonia’s High-Stakes Plan for Cheaper, Secure Electricity
Published on: Friday 02 October 2026
Estonia’s energy transition could cut electricity prices by nearly **35% by 2040** and lift real GDP by around **2%**, if renewable expansion is combined with stronger European electricity-market integration. The gains depend on faster wind development, battery storage, grid modernization and regional interconnectors, while delays could increase costs as AI, electrification and carbon pricing raise power demand.