Neutral
Informational - no clear directional impact
Low Impact
Minor progress or informational
On 30 December 2013, ownership of the EstLink 1 submarine HVDC interconnector was transferred from project company AS Nordic Energy Link and its subsidiary N.E.L. Finland Oy—owned by Eesti Energia (39.9%), Latvenergo (25%), Lietuvos Energijos Gamyba (25%) and Finestlink (10.1%)—to the transmission system operators Fingrid (Finland) and Elering (Estonia). The transaction, implemented following a sales contract concluded on 27 November 2013 to meet EU rules on cross‑border energy trading, gave Fingrid and Elering 50% ownership each of EstLink 1 for a total consideration of €77.6 million.