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 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.
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.
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.
Read moreOur 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.
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