There are two cables between Estonia and Finland?
Precisely. Their combined throughput is 1,000 MW, while our peak winter consumption is 1,550 MW.
To what extent would a third cable between Estonia and Finland be feasible?
The Nordics are not as flush with energy as we have perhaps thought. They have a solid power structure, many different ways to generate power… However, they are increasingly short on capacity because consumption is growing rapidly.
Will they still be short after Finland opens its new nuclear power plant?
The Olkiluoto Nuclear Power Plant is set to be launched early next year and should be enough for Finland to cover domestic demand. The Finns are buying 1,000 MW from the Russians through Vyborg every day as things stand. Olkiluoto would cover their domestic energy needs, but because consumption is estimated to spike in both Finland and Sweden… The latter has said in no uncertain terms that power consumption will grow by 50 percent in the north of the country in the next 15 years. Therefore, whatever I might say here, the fact that Finland is actively preparing to build another nuclear plant proves that power consumption is forecast to skyrocket. The deficit is mounting.
The cable you mentioned has been discussed, while we cannot build our supply security on it because nothing could be coming through it.