Enefit Green

From Wikipedia, the free encyclopedia
Enefit Green AS
TypeSubsidiary of Eesti Energia
IndustryRenewable energy
Founded2016 (2016)
Headquarters
Tallinn
,
Estonia
Key people
Aavo Kärmas (CEO)
Hando Sutter (Chairman)
ProductsElectric power
Heat
ServicesDistrict heating
ParentEnefit Green
SubsidiariesSIA Enefit Power and Heat Valka
Nelja Energia
Websitewww.enefitgreen.ee

Enefit Green AS (former name: Eesti Energia Taastuvenergia Ettevõte) is a renewable energy company located in Tallinn, Estonia. It is a wholly owned subsidiary of the state owned energy company Eesti Energia. CEO of the company is Aavo Kärmas.[1]

Enefit Green was established in 2016 based on the renewable energy assets of Eesti Energia. The name of Enefit Green was adopted at the end of 2017. In 2018, Enefit Green installed at the remote off-the-grid Ruhnu island an hybrid power generation system, which includes a solar farm, a wind turbine, and battery for energy storage, backed-up with a diesel generator running on biodiesel.[2][3] Also in 2018, Enefit Green acquired renewable energy producer Nelja Energia which became a subsidiary of Enefit Green.[1][4]

Enefit Green owns four wind farms (Paldiski, Narva, Aulepa, Virtsu), Iru waste-to-energy plant, Paide and Valka biomas power plants, Keila-Joa hydroelectric power plant, and Ruhnu hybrid power generation. In addition, its subsidiary Nelja Energia owns eleven wind farms in Estonia and four wind farms in Lithuania,[5][6] two biogas-fuelled co-generation plants in Estonia,[6] a co-generation plant and pellet factory in Latvia,[7] and it plans a 700–1,100 MW offshore wind farm off Hiiumaa, Estonia.[8] In 2018, Enefit Green concluded an agreement with Finnish Metsähallitus, that grants the right to Enefit Green to develop a 100-MW wind farm in Tolpanvaara, North Ostrobothnia in Finland.[9] Enefit Green also plans several solar plants with a total capacity of 7 MW.[10]

Government of Estonia is planning to list minority shares of Enefit Green at Nasdaq Tallinn.[11] Enefit Green aims to raise 100 million euros with a IPO and will go public in October 2021.[12]

See also[]

  • Energy in Estonia

References[]

  1. ^ a b "Competition Authority approves Eesti Energia acquisition of Nelja Energia". ERR. 2018-11-07. Retrieved 2019-02-17.
  2. ^ "Enefit Green installs renewables hybrid on Baltic Sea island". Renewable Now. 2018-11-27. Retrieved 2019-02-17.
  3. ^ "Solar power plant completed on island of Ruhnu". ERR. BNS. 2018-07-25. Retrieved 2019-02-17.
  4. ^ "Enefit Green borrows €260 million to refinance Nelja Energia debt". ERR. BNS. 2018-12-21. Retrieved 2019-02-17.
  5. ^ Tere, Juhan (2012-06-08). "Nelja Energia opens its third wind park in Lithuania". The Baltic Course. Retrieved 2012-07-12.
  6. ^ a b Õepa, Aivar (2012-06-14). "Nelja Energia launches biogas developments". news2biz. Archived from the original on 2013-01-29. Retrieved 2012-07-12.
  7. ^ Vahtla, Aili (2017-06-15). "Nelja Energia opens first cogeneration plant, pellet factory in Latvia". ERR. Retrieved 2018-06-03.
  8. ^ Vahtla, Aili (2017-08-01). "Nelja Energia, Hiiu Municipality sign contract to build offshore wind farm". ERR. Retrieved 2018-06-03.
  9. ^ "Enefit Green may invest up to €150 million in Finnish wind farm". ERR. 2018-06-27. Retrieved 2019-02-17.
  10. ^ "Enefit Green to build 7 MW of solar plants in Estonia". Renewable Now. 2018-10-10. Retrieved 2019-02-17.
  11. ^ "State renewable energy firm Enefit may go public says Finance Minister". ERR. 2018-06-04. Retrieved 2019-02-17.
  12. ^ "Enefit Green IPO aims to raise €100 million" ERR News, 2021-10-05

External links[]

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