Enefit Green signed a €100 million loan agreement with EBRD
02 August 2024 - 2:45PM
UK Regulatory
Enefit Green signed a €100 million loan agreement with EBRD
On 2 August 2024, Enefit Green signed a €100 million loan
agreement with the European Bank for Reconstruction and Development
(EBRD) to finance its ongoing investment programme. The term of the
concluded contract is 8 years.
Enefit Green will use the loan capital for the construction of
the Sopi-Tootsi wind farm in Estonia. Sopi-Tootsi wind farm is the
largest wind farm under construction in Estonia with a capacity of
255 MW. After its completion in 2025, this wind farm will cover
approximately 40% of annual electricity consumption of Estonian
households. Sopi-Tootsi wind farm will help to further decarbonise
Estonia’s electricity production by saving an estimated 480,000
tonnes of CO2 emissions per year.
Enefit Green is currently constructing five wind and three solar
farms in Estonia, Lithuania, Poland and Latvia with a total
capacity of 637 MW. After commissioning 72MW Tolpanvaara wind farm
in Finland earlier this year, Enefit Green’s operating electricity
generation capacity has risen to 587 MW.
Further information:
Kadri Korsten
Head of Communications
kadri.korsten@energia.ee
+372 53 43 9739
Enefit Green is one of the leading renewable energy
producers in the Baltic Sea area. The Company operates wind farms
in Estonia, Lithuania and Finland, waste-to-energy CHP plant
in Estonia, solar farms in Estonia and Poland and a hydroelectric
plant in Estonia. In addition, the Company is developing several
wind and solar farms in the mentioned countries and Latvia. As of
the end of 2023, the Company had a total installed electricity
production capacity of 515 MW and a total installed heat production
capacity of 50 MW. During 2023, the Company produced 1,343 GWh of
electricity, 604 GWh of heat energy and 156 thousand tonnes of wood
pellets. In the end of 2023, Enefit Green exited the biomass based
CHP and pellet production businesses.