Putting the wind and the sun to work for a sustainable future
We have grown into one of the leading renewable energy companies in the Baltic Sea region. Our goal is to provide a sustainable alternative to fossil fuel-based traditional energy.
We operate in Estonia, Latvia, Lithuania, Poland, and Finland, focusing on maintaining the profitability of our production assets and developing projects.
We are convinced that the key to achieving the green transition lies in the electrification of private and industrial consumption based on renewable electricity. This transition will drive long-term growth in the demand for sustainable electricity for decades to come.
We have over 20 years of renewable energy experience.
We produce renewable energy from wind, solar, waste, and water.
By the end of 2025, our production capacity will reach 1.2 gigawatts, with an expected annual electricity output of 3 terawatt-hours.
We produce and develop renewable energy in Estonia, Latvia, Lithuania, Poland, and Finland
We own 27 wind farms, 42 solar power plants, one cogeneration plant, and one hydroelectric plant across five countries. The total capacity of our operational assets exceeds 500 megawatts.
When we went public in 2021, our plan was to increase our then 457-megawatt electricity production capacity by 2.4 times, with additional equity and debt capital, to reach 1,100 megawatts by 2025.
Currently, we have 592 megawatts of operational capacity, with 631 megawatts of wind and solar parks under construction.
Over the past three years, we have made nearly one billion euros in investment decisions to build onshore wind and solar parks in our home markets, in line with our growth strategy.
Development projects
We are confident that our region needs a significant increase in renewable energy capacity. The key focus areas for the future will be hybrid solutions combined with storage and hydrogen technologies, as well as offshore wind farms.
In our long-term development portfolio, we have two offshore wind farm projects. We are developing the Gulf of Riga offshore wind farm, one of the most advanced projects in the Baltics, which could start production by 2033 at the latest. The planned capacity of this park is 1 gigawatt, with an expected annual output of approximately 4 terawatt-hours. Additionally, we are developing the Northwest Estonia offshore wind farm, which also has a planned capacity of 1 gigawatt. This park, located to the north of Hiiumaa, is planned to begin production after 2030.
Enefit Green at a glance
- Largest wind energy producer in Baltic countries
- 500+ MW of operating power generation
- 600+ MW of wind and solar farms under construction
- Development portfolio of ~ 4,900 MW
- Electricity production 1,343 GWh (2023)
- Heat production 604 GWh (2023)
- 154 employees in Estonia, Latvia, Lithuania, and Poland
- Over 60,000 investors
For investors
The company’s shares are listed on the Baltic Main List of the Nasdaq Tallinn Stock Exchange since autum 2021. At the end of 2023, Enefit Green had around 64,000 investors, whose strong interest in Enefit Green speaks of trust and a desire to be part of the green revolution.
Environment
Our responsibility is bigger than renewable energy production. We ensure a cleaner environment and reduce our carbon footprint.
Our actions and decisions are guided by EU environmental policy, the legislation of the country where we operate and international standards.
News
Enefit Green partners with Sumitomo Corporation to develop Liivi Bay offshore wind farm
Sumitomo Corporation (SC), the integrated trading and business investment company, and Enefit Green, a largest wind energy company in the Baltics, have signed an agreement, which outlines the start of strategic partnership for developing the first offshore wind farm in the Gulf of Riga in the Baltic Sea.
Read more
Enefit Green is focusing on the Baltic States and Poland
Having assessed the situation on its core markets, the fit of the company's near-term development portfolio and the existing operating portfolio with the current market situation, as well as financing opportunities, Enefit Green has decided to look for opportunities to exit the Finnish market and sell some non-strategic development projects.
Read more
The price of heat energy produced at the Iru power plant is changing
The Competition Authority has approved a price cap of €20.06 per megawatt-hour for heat produced from mixed municipal waste at the Iru power plant. This remains the most affordably produced heat energy in Estonia, which is entirely purchased by AS Utilitas for district heating customers in Tallinn and Maardu.
Read more
All news