Enefit Green Expands Renewable Energy Capacity

Enefit Green has expanded its renewable energy capacity by acquiring a 100% stake in a wind farm in Sweden. This acquisition marks a significant milestone in the company's growth strategy.

The wind farm, located in the north of Sweden, has a total installed capacity of 20 MW. This expansion will enable Enefit Green to produce more renewable energy and reduce carbon emissions.

Enefit Green's commitment to renewable energy is evident in its focus on developing and acquiring wind farms across Europe.

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Enefit Green has grown into a major renewable energy producer, with rapid growth in recent years made possible by investments in new wind and solar parks. We are the largest wind energy producer in the Baltics.

Their portfolio includes 29 wind farms, 46 solar power plants, one cogeneration plant, and one hydroelectric plant across five countries. Their operational assets have a total capacity exceeding 1,100 megawatts.

Enefit Green's production capacity has more than doubled over the last three years, reaching over 1100 megawatts. This growth has been significant not only for Enefit Green, but also for the entire Baltic renewable energy market.

The addition of around 700 MW of power generation capacity by Enefit Green has been a major catalyst towards reducing our markets’ dependence on imported and fossil fuel-based energy.

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Enefit Green's production capacity has exceeded 1,100 megawatts. This significant growth is a result of the company's investment decisions totaling nearly one billion euros over the past three years.

The company's growth has not only benefited Enefit Green but also the entire Baltic renewable energy market. Enefit Green is now one of the leading renewable energy companies in the region.

Enefit Green prioritizes maximizing the value of every megawatt-hour generated, ensuring high reliability of operational assets and completing construction projects on time.

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Enefit Green's production capacity has more than doubled over the past three years, reaching over 1100 megawatts.

This significant growth is a result of investment decisions totaling nearly one billion euros made to develop onshore wind and solar parks in their home markets.

Their production capacity now exceeds 1100 megawatts, a major milestone for the company.

This growth has also had a positive impact on the Baltic renewable energy market, where Enefit Green is one of the leading renewable energy companies.

The addition of around 700 MW of power generation capacity by Enefit Green has been a major catalyst towards reducing the market's dependence on imported and fossil fuel-based energy.

This has created new added value in local communities and contributed to mitigating the energy crisis that erupted in 2022.

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As we explore the production and capacity of Enefit Green, let's take a closer look at their sales by activity. Enefit Green's sales from wind energy have been steadily increasing, reaching 149M in 2022.

The company's wind energy sales have grown from 84.81M in 2020 to 168M in 2024. This significant growth is a testament to the company's commitment to renewable energy.

Cogeneration sales have also been a significant contributor to Enefit Green's revenue, reaching 94.3M in 2022. However, there was a decline in 2024 to 44.93M.

Here's a breakdown of Enefit Green's sales by activity:

Enefit Green's solar energy sales have experienced some fluctuations, reaching 13.27M in 2022 but declining to 7.83M in 2024.

Sales by geography is a crucial aspect of Enefit Green's business, and the numbers tell an interesting story. Estonia has been the top contributor to sales, with figures increasing from 50.17M in 2020 to 161M in 2024.

The sales breakdown by country is quite varied, with some countries showing significant growth while others have declined. Lithuania, for example, saw a significant drop in sales from 37.19M in 2020 to 14.52M in 2023.

Finland has also seen its share of sales increase, from 2.52M in 2020 to 2.64M in 2024. Poland's sales have been relatively stable, ranging from 917K to 2.6M over the same period.

Here's a breakdown of the sales figures by country for 2024:

The UK and other countries have seen some fluctuations in sales, with the UK not reporting any sales figures for 2024.

Renewable energy is the most competitive form of energy, and Enefit Green plays a key role in the regional energy market by providing consumers with cost-competitive renewable energy.

Enefit Green has partnered with Sumitomo Corporation to develop the Gulf of Riga offshore wind farm, a significant project in Estonia's energy transition.

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The Liivi Bay offshore wind farm, developed by Enefit Green, will consist of up to 84 turbines with a maximum total capacity of 1000 MW.

Offshore wind is essential to Estonia's energy system, according to Juhan Aguraiuja, Chairman of the Management Board of Enefit Green, as it can significantly increase energy production and energy independence.

The Liivi Bay offshore wind farm is planned to be located in the Gulf of Riga, 11 km from Kihnu Island and 16 km from Häädemeeste.

Enefit Green's partnership with Sumitomo Corporation will accelerate the development of the Liivi Bay offshore wind farm, combining international expertise and experience in construction of offshore wind farms.

The construction of offshore wind farms, like the Liivi Bay project, could create the conditions for the emergence of a new downstream industry with professional competences and highly qualified long-term jobs in the fields of energy, transport, and logistics.

The Liivi Bay offshore wind farm is expected to produce up to four terawatt-hours of electricity annually.

Enefit Green's experience and knowledge of local conditions, combined with Sumitomo Corporation's global offshore wind experience, will drive forward the Liivi Bay project and support Estonia's energy transition and security.

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Enefit Green has made some significant announcements recently. They've decided to terminate their partnership with Sumitomo Corporation in the development of the Liivi Bay offshore wind farm project.

This decision was made after thorough joint discussions on the offshore wind outlook in Estonia and an assessment of the current market and regulatory conditions. It's a big move for the company, and we're curious to see what's next.

As of June 7, Donatas Celešius will join the Management Board of Enefit Green, taking on the responsibility for the company's development activities. This is a great opportunity for him to make a real impact.

Enefit Green has also been expanding its renewable energy offerings. In June, they officially opened the Sopi-Tootsi Green Energy Area in Põhja-Pärnumaa, which includes a wind park with 38 turbines and a nearby solar park.