Does Estonia have a rooftop PV system?

In Estonia, only one organization with CEC status operates a rooftop PV system (13 kW) on an office building, while Latvia has no operational energy communities yet. The focus was drawn to the roofs of residential multi-apartment buildings as the most accessible place for residents for the possible organization of CEC.

How many solar PV installations are there in the EU?

In that year alone, 56 GW of solar PV were installed in the EU, with two-thirds of these installations on rooftops, empowering consumers and protecting them from high electricity prices while reducing land use.

Why should PV systems be installed in the Baltic states?

The installation of PV systems in the Baltic States has increased significantly over the past decade. To reduce economic uncertainty, it is essential for investors and end-users to have the capability to perform accurate risk assessments.

Can rooftop PV installations support the energy transition in the Baltic states?

Considering the above, the Baltic States have significant technical potential for rooftop PV installations to support the energy transition. EU policymakers have highlighted renewable energy communities as a key driver of this transition, as they promote citizen participation and local control over renewable energy decisions .

Is the Baltic region a good place to invest in solar?

The Baltic region's solar potential totals around 40 GW and is projected to draw €150 billion in investment opportunities by 2050, the research paper adds. To date, the deployment of rooftop solar across the Baltics has been driven by government incentives including subsidies and net metering, bolstered by EU funding.

How much LCOE does a rooftop PV system cost?

Economic assessment of rooftop PV systems in Baltic States' multi-apartment buildings using Monte Carlo simulations. Projected LCOE for PV systems by 2050 ranges from 0.08 to 0.09 EUR/kWh at a 6 % discount rate, highlighting CAPEX sensitivity.