Yesterday, on 29 May, the Lüganuse Rural Municipality Council passed a decision with a majority of votes to establish the local government designated spatial plan which grants Viru Keemia Grupp the right to build a bioproducts production complex in the territory of the rural municipality. The establishment of the plan allows the company to move forwards with the development.

BaltCap Infrastructure Fund II (BInF II) acquired full ownership in VKG Elektrivõrgud. VKG Elektrivõrgud is the second largest electricity distribution network operator in Estonia after the state-owned Elektrilevi. BaltCap sees the acquisition as holding significant potential for horizontal growth both with electricity and grid-based services.

The newly launched €200 million BaltCap Infrastructure Fund II (BInF II) signed its first agreement to acquire full ownership in VKG Elektrivõrgud. VKG Elektrivõrgud is the second largest electricity distribution network operator in Estonia after the state-owned Elektrilevi. BaltCap sees the acquisition as holding significant potential for horizontal growth both with electricity and grid-based services.

The Estonian state has supported the EU climate neutrality goal and its endorsement as a regulation. In order to achieve climate neutrality, a pivotal change must be made in the organisation of the society in Estonia, i.e. in the organisation and taxation of transport, waste management, buildings, agriculture, energy, industry and forestry in Estonia. There is currently a legal vacuum in the area of climate in Estonia, which has to be urgently filled, as in order to implement the climate policy goals of the European Union, conduct must be regulated in the Estonian society both across sectors and by distributing obligations to specific sectors.