On 12 December, Enefit will open Estonia’s first covered electric car charging hub in the Tartu Green Park development. The new solution offers a convenient, safe and weatherproof charging experience for both local residents and city visitors. It is the largest and most modern public charging area in Southern Estonia.
Estonian power prices rose in November due to colder weather and higher heating demand. Thanks to strong connections with Finland, Estonia remained the most affordable market in the Baltics.
Enefit Green has signed an agreement to sell its Tolpanvaara wind farm in Finland to TD Greystone Infrastructure Fund, marking a strategic step in focusing on the Baltics and Poland markets. Rabbalshede Kraft AB will be managing Tolpanvaara on behalf of TD Greystone Infrastructure Fund.
Today, 1 December, Elering and Enefit Power, a subsidiary of Eesti Energia, signed an agreement to ensure island operation capability following a public procurement process. Under the agreement, Enefit Power guarantees the controllable generation capacity required to maintain Estonia’s security of supply. Maintaining the necessary 1,036 megawatts of generation capacity will cost up to €59.5 million per year.
The Supervisory Board of Eesti Energia has resolved, on the proposal of the Chairman of the Management Board, Andrus Durejko, to remove Management Board Member Kristjan Kuhi from the company’s Management Board.
The first fast charger with an integrated battery storage system has been opened in Enefit’s public charging network in the Baltics. The solution being tested could in future enable a reliable and fast charging service both during power outages and in areas where the electricity network has not allowed it.
Today, 18 November, Enefit Industry, a subsidiary of Eesti Energia, signed a turnkey contract with Baran International Ltd and Baran Group Ltd for the construction of a 100 MW combined heat and power plant with hydrogen capability. The contract value is €100 million.
Enefit urges its customers to abandon paper invoices and switch to digital invoicing methods to reduce their ecological footprint and make invoicing faster and more convenient.
Eesti Energia Group generated €1.2 billion in revenue and €54 million in normalised net profit over the first nine months of 2025. In the third quarter, the Group posted €283 million in revenue and a normalised net loss of €61 million. The results were impacted by low electricity prices, increased balancing energy costs, and scheduled maintenance of production units.
October prices in Estonia were roughly flat vs last year but about 11% higher than September, mainly because it got colder, solar fell, wind was softer, and the EE–LV link was tighter.
Enefit and Forus Takso are partnering to make Estonia’s taxi service more environmentally friendly and accelerate the adoption of electric vehicles in the taxi market. Forus drivers can now charge their vehicles at a special rate on Enefit’s public charging network, making the use of electric cars significantly more cost-effective.
Following a decision by the Supervisory Board of Eesti Energia, the Group will continue with a four-member Management Board from the beginning of next year. The business operations will be consolidated into three subsidiaries: Enefit, which will oversee electricity operations; Enefit Industry, responsible for industrial operations; and Elektrilevi, managing the distribution network.
As part of the joint project ‘Charge Two Batteries at Once’, carried out in cooperation between Enefit and Estonian Health Trails, electric vehicle charging points have been installed near the Mammaste, Holstre-Polli, Kõrvemaa Hiking and Ski Centre, Palivere, Kadrina and Alutaguse health trails.
Enefit has introduced a new electricity package that sets both a price cap and a price floor for the electricity exchange price. The package protects consumers from price spikes while still allowing them to save on electricity costs during low-price hours.
In September, the average electricity price in Estonia rose to 8.1 cents per kWh, which is nearly 5% higher than in August. Compared with the same period last year, the price remained virtually the same – in September 2024, the average price was 8.4 cents per kWh.
Starting in 2026, Eesti Energia will consolidate all electricity-related business areas—including retail, renewable energy production, energy trading, and development—under its subsidiary Enefit. The move aims to strengthen the group's competitiveness and improve management efficiency.
Enefit has launched management software Algo for business customers, which transforms battery and solar parks into active market participants and can increase the profitability of a solar park up to 50%.
Maintenance at Nordic nuclear power plants and low wind power generation pushed up electricity prices in Finland and Sweden. High dependence on more expensive imported electricity increased the Baltic average electricity price to 7.92 euro cents per kilowatt-hour (7.73 in Estonia, 8.03 in Latvia and 8.01 in Lithuania).
We are updating our principles of customer data processing from 19.09.2025 to be even more transparent in the processing of personal data. We have specified the listing of personal data types that we process, the purposes of processing personal data and the retention periods. We have also added information about the purposes for which we may use artificial intelligence tools.
On August 18, the fourth season of the Charge Yourself educational program began, involving ten mathematics and ten chemistry teachers. This year, the focus is on mathematics, chemistry, and artificial intelligence.
Enefit Green has agreed with Sumitomo Corporation to terminate their partnership in the development of Liivi Bay offshore wind farm project. The decision follows thorough joint discussions on the offshore wind outlook in Estonia and assessment of the current market and regulatory conditions.
Enefit’s public charging network has surpassed 1,500 charging connectors across all its home markets: nearly 620 of them are located in Estonia, 160 in Latvia, 560 in Lithuania and 160 in Poland. With the addition of new chargers, Enefit reaffirms its position as one of the leading electric transport infrastructure developers in the region.
The price drop was significantly supported by high solar power generation across the Baltics, record-high hydropower production in Latvia and the restoration of the Estlink 2 interconnection to the market. Estonia’s electricity price was exactly at the same level as Finland’s for approximately two-thirds of the entire month of July. Electricity prices in Latvia and Lithuania were nearly a quarter higher than in Estonia due to maintenance work on the Estonia–Latvia interconnectors.
The Eesti Energia Group generated €387.8 million in revenue and €33.1 million in normalised net profit in the second quarter. The quarter was characterised by record output from wind farms, declining investments and lower revenue due to low electricity prices.
Enefit, in co-operation with Rimi Eesti Food AS, has installed fast chargers for electric cars at 15 Rimi stores across Estonia. In total, chargers will be installed at 20 Rimi stores. The new locations make electric car charging more convenient and accessible than ever by allowing it to be combined with everyday shopping trips.
Enefit has launched an energy service that can increase the revenue of solar parks with a capacity of 300 kW or more by up to two times. The company provides access to the balancing market and limits electricity generation from the solar park when electricity exchange prices are negative.
Prices in the Baltic States have fallen for the fourth consecutive month. As of the end of June 2025, there had been a total of 674 hours in the Estonian price area when the price was 0.5 cents or even lower. The Estlink 2 outage increased prices by an average of 2.2 cents per kilowatt-hour between January and June. Batteries are emerging as a source of revenue in the Baltic electricity market.
Enefit has developed a new web-based map application that provides an overview of all addresses where it is possible to connect to a high-speed fibre optic internet network. The new tool helps both individuals and businesses quickly assess whether it is possible to connect to one of Estonia's most modern communication networks at their location.
Eesti Energia, an Estonian publicly owned energy utility, and emsys VPP, a German provider of Virtual Power Plants, have officially prequalified one of the largest solar parks in the Baltics for providing automatic Frequency Restoration Reserve (aFRR) and manual Frequency Restoration Reserve (mFRR).
The first ultra-fast chargers for electric cars, built with support from the Connecting Europe Facility (CEF), have been added to Enefit's charging network. The chargers were installed in Tallinn, Tartu and Pärnu.
On 7 June, Sander Randver began his role as a Member of the Management Board of Enefit, responsible for Business Development.
On 10th June, the Sopi-Tootsi Green Energy Area was officially opened in Põhja-Pärnumaa, on the site of a former peat field in Tootsi. The wind park, consisting of 38 turbines, and the nearby solar park will together produce nearly 10% of Estonia’s current electricity consumption annually.
Enefit AS, in cooperation with TKM Kinnisvara AS, is installing electric vehicle charging points at Selver stores across Estonia. In the first phase, 26 chargers have been added to the retail chain’s car parks, creating a total of 52 new charging points. In total, there will be 96 charging points at Selver locations across Estonia.
In May, electricity prices decreased by approximately 8% compared to April, reaching €67.6 per megawatt-hour. The price decrease was supported by the drop in natural gas prices in April, high renewable energy production in Lithuania and Estonia, and continued hydropower generation in Latvia.
As of 7 June, Donatas Celešius will join the Management Board of Enefit Green, taking on the responsibility for the company’s development activities.
Last month, the Estonian Health Trails foundation (SA Eesti Terviserajad) celebrated its 20th anniversary. Over this time, and in cooperation with local municipalities across Estonia, 130 health trails have been established that are open daily and free for everyone to use. Enefit, as one of the initiators of the health trails alongside Merko and Swedbank, has contributed over €8.5 million to the development of physical activity opportunities for Estonians.
On April 25, the Solaride III Enefit solar car was unveiled for the first time in the underground car park of the Delta building at the University of Tartu. Over 1.5 years, more than 30 students from various universities and secondary schools, all members of the Solaride engineering team, contributed to the construction of the solar car.
The public offering of Eesti Energia bonds, which concluded last Friday, attracted total demand of €94.4 million—9.4 times the base offering amount. Estonian retail investors subscribed for bonds worth €71 million, making it the largest senior bond issuance targeted at retail investors in the history of the Baltic States.
A rescue training drill is taking place this week at the Sopi-Tootsi Wind Farm in Northern Pärnumaa, focusing on the evacuation of individuals from a wind turbine nacelle. This is the third large-scale exercise of its kind in Estonia, but the first to be held in the country’s tallest wind turbines—the nacelles of the Sopi-Tootsi turbines are located at a height of 159 meters.
The Estonian state-owned energy company Eesti Energia is offering bonds with a three-year maturity and a fixed annual interest rate of 5%, available for subscription from May 20 to May 30. This offering provides retail investors with an opportunity to earn stable interest income while supporting the development of Estonia’s electricity system.
The voluntary takeover offer made by Eesti Energia to the minority shareholders of Enefit Green AS, which ended on 12 May, increased the parent companies’ shareholding in Enefit Green to 97.2%.
Innar Kaasik, Member of the Management Board of Enefit Green, will step down from his position at his own request, effective from June 7.
In the first quarter, the group generated €530 million in revenue and €93 million in normalised net profit. The results were influenced by higher electricity market prices, stable liquid fuels production and additional revenue streams from the opening of the frequency reserve market.
In April, electricity prices decreased by approximately 19% compared to March, reaching €73.3 per megawatt hour. The price decline was mainly driven by reduced heating demand and strong solar and wind generation across the Baltics.
Enefit Industry AS plans to construct a 100-megawatt hydrogen-capable gas engine thermal power plant within the Narva Balti Power Plant complex under a turnkey construction contract. The announcement of the tender is a prerequisite for participating in Elering’s frequency reserve procurement and for making a potential investment decision.
The sole shareholder of Elektrilevi, Estonia’s largest distribution network operator, appointed three new members to the company’s Supervisory Board as of 1 May. The new members of the Supervisory Board are Kadri Land, Ville Paltsep and Siiri Lahe, the latter of whom was elected Chair of Elektrilevi’s Supervisory Board. Sven Kirsipuu will continue as a member of the Supervisory Board.
Märjamaa rural municipality and Enefit have signed a ten-year full-service agreement that will result in a complete upgrade of the municipality's street lighting network. The new lighting will operate on an energy-efficient dimming schedule and will be powered entirely by electricity generated from 100% renewable energy sources.
From 06.05.2025, we will update our principles of customer data processing, to be even more transparent in the processing of personal data.
Enefit has expanded the payment options at its public chargers: electric vehicle drivers can now conveniently pay for charging using a bank card. The new card payment solution is already in use at more than 120 chargers across Estonia, and new terminals are being added every month.
Major shareholder Eesti Energia will launch today a voluntary takeover bid to minority shareholders of Enefit Green in order to return Enefit Green to 100% ownership by Eesti Energia. The voluntary takeover bid will remain open until 12 May 2025, and, if successfully completed, Eesti Energia is expected to pay for the shares on 16 May 2025.
Compared to February, electricity prices in March were approximately 41% lower, at a level of €90.2 per megawatt-hour. The price decrease was supported by nearly twice as much wind power generation across the Baltics, reduced heating demand and the addition of solar energy.
As of April, Eesti Energia’s reserve power plants will continue operations under the new company Enefit Power OÜ, while the liquid fuels and circular economy units will operate under Enefit Industry AS. This restructuring enables the optimal and most profitable functioning of two distinct business areas for the owner, the Estonian state.
As part of its ongoing efforts to modernise its electric vehicle charging network, Enefit is donating 28 decommissioned ELMO chargers to Ukraine. The internationally recognised organisation AVERE Ukraine will facilitate the receipt and transportation of these chargers.
Eesti Energia, the major shareholder, intends to make a voluntary takeover bid to Enefit Green's minority shareholders at a premium above the market price. The objective is to bring Enefit Green entirely under Eesti Energia's ownership. This transaction aims to transform Eesti Energia into an integrated energy group, combining electricity production and sales portfolios.
Last week, the Lasnamäe Rescue Team visited the Iru Power Plant to enhance their skills in operating an aerial lift truck. Over three days, they practiced maneuvering the lift boom along the building’s facade, reaching heights of up to 44 meters. The training aimed to provide hands-on experience in rescuing people from buildings of varying heights and layouts.
Today, Eesti Energia opened the Baltic’s largest battery storage at the Auvere industrial complex. This state-of-the-art storage system is already enhancing the stability of the regional electricity grid and mitigating high peak electricity prices for consumers.
Electricity prices in February were nearly 65% higher than in January, reaching 151.8 euros per megawatt-hour (15.2 cents per kilowatt-hour). Compared to February 2024, prices were nearly twice as high, up by 101%. The higher prices were due to the increased use of fossil fuels across the Baltics (in both oil shale and gas plants), exceptionally low wind production, higher consumption due to cold weather and transmission capacity limitations.
At the end of 2024, Enefit and Estonian Health Trails Foundation launched a joint co-operation project ‘Charge two batteries at once’ under which electric car chargers will be installed in the car parks of the most popular health trails. The aim of the project is to promote outdoor activity and make health trails more accessible to electric car drivers.
Electricity sales, renewable energy production, network service provision and liquid fuels production delivered strong results for Eesti Energia last year. In 2024, the group’s normalised EBITDA (earnings before interest, taxes, depreciation and amortisation) totalled €400 million, while normalised net profit, excluding the impact of asset write-downs, reached €186 million.
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.
Recently, scammers have started to use a scheme to extort money by introducing themselves as an employee of Eesti Energia or Enefit, claiming that the electricity meter needs to be replaced. While most people hang up when a suspicious caller is asking for PIN codes or sending a courier to collect money, one lady recently fell victim to this scheme by handing over €17,000 to a criminal who came to the door.
Compared to December, Estonia’s average electricity price increased by 9.1% in January, reaching €92.0 per megawatt-hour (9.2 cents per kilowatt-hour). Compared to January last year, when the electricity price was €126.48 per megawatt-hour, this year’s price was 27.2% lower – a decrease of more than €30. The main price drivers were a decrease in wind energy production compared to the previous month, the Estlink 2 electricity connection interruption, and higher consumption due to cold weather and increased heating demand.
The power plants, wind farms, and Estonia’s largest storage facility operated by the Eesti Energia Group are ready to support the smooth synchronisation of Estonia, Latvia and Lithuania with the Continental European frequency area next weekend.
Enefit Solutions and H2Electro are developing a prototype of an electrolyser required for hydrogen and synthesis gas production. With the device, the efficiency of hydrogen technology can be tested and the cost price of hydrogen production can be reduced. The project is co-financed by the Estonian Business and Innovation Agency (EIS) from the European Union’s Just Transition Fund.
Eesti Energia has started the configuration of the energy storage facility at the Auvere industrial complex. This battery solution will help maintain the stability of the electricity system following desynchronisation and mitigate price fluctuations caused by the intermittency of non-dispatchable renewable energy production.
Compared with November, the average electricity price in Estonia rose by 2.1% in December to €84.3 per megawatt-hour (MWh), or 8.4 cents per kilowatt-hour (kWh). Compared to December last year (€89.0/MWh), the electricity price in 2024 was 5.3% lower and nearly five euros cheaper. The biggest drivers of cheaper prices were cheaper electricity from the Nordic countries and record high wind energy production.
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.
Enefit and Capfield have started cooperating to install a total of 18 new public electric car chargers in the parking lots of six Capfield shopping centres in Tallinn and Pärnu. All the chargers will be 320 kW ultra-fast chargers that can recharge enough energy to cover 100 kilometres in just a few minutes.
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.
Andres Maasing, a member of the Management Board and the Chief Development Officer at Enefit Green, will voluntarily step down from the company's Management Board on March 4, 2025, to take on new challenges at one of Australia's largest energy companies.
The Liivi Bay offshore wind farm, developed by Enefit Green, has undergone an environmental impact assessment. The expert group identified that, with the implementation of appropriate mitigation measures, the farm has no significant negative impacts on the natural and human environment and promotes labor market activity and increases municipal revenues.
Compared to October, the price of electricity in Estonia decreased by 9.6% in November, remaining, on average, at 82.56 euros per megawatt-hour. Compared to November last year, electricity was 21.5% cheaper this year (105.2 euros per megawatt-hour in 2023). The decline in prices from last year was mainly due to above-average temperatures and increased renewable energy production in the area.
On 9 December, Enefit will open a customer service point in the Avala office building in Tallinn. A display area will be added in the new year. Contracts can be concluded on-site, and consultants will assist customers with any energy-related inquiries.
Enefit Green has reason to celebrate after successfully completing the recertification audit conducted by Bureau Veritas . This audit ensures that the company’s management system remains aligned with established international standards.
Enefit Green is developing an offshore wind farm in the Gulf of Riga with a capacity of up to 1,000 megawatts, which could supply up to half of Estonia's annual electricity needs. The wind farm would consist of up to 84 turbines, generating around four terawatt-hours of green electricity each year.
From 16.12.2024, we will update our principles of customer data processing, so as to be even more transparent in the processing of personal data.
The special audit initiated by the Minister of Finance identified shortcomings in the management of Eesti Energia AS during the years 2020 to 2023, leading to environmental violations, economic losses, and effects on the reliability of the distribution network.
The popularity of electric cars has grown significantly worldwide, and in Estonia this trend is similarly on the rise. However, in many countries where the spread of electric vehicles is more extensive, questions are being raised about the ability to keep the electricity network stable.
In October, the price of electricity in Estonia remained at the same level as last year. Compared to September, the price of electricity in Estonia’s Nord Pool price zone rose by 8.9% in October, reaching 91.37 EUR/MWh. On the morning of 2 October, the electricity price in Estonia fluctuated at 500 EUR/MWh for several hours.
Enefit has installed its first electric vehicle chargers at Rimi grocery stores located in Järveküla in Harjumaa, Põltsamaa, and on Vilde tee in Tallinn. In the coming weeks, additional chargers will be installed at Rimi stores in Valga and Võru. Soon, electric vehicle charging will be available at 20 Rimi locations across Estonia.
Students of Pärnumaa Vocational Education Centre (PVEC) can improve their practical skills in the electric transport sector: two electric car chargers that used to belong to the Enefit Volt public charging network have arrived at the training field.
Two wind turbine blades, sourced from the Virtsu wind farm, have arrived at the courtyard of the Technology Beacon building of Kuressaare Regional Training Centre. These blades will be used in the training of wind turbine blade maintenance specialists, which is set to begin in the fall of 2025. They will serve as essential tools for practical exercises in material handling.
Enefit Volt, the largest public charging network for electric vehicles in Estonia, has reached a significant milestone with the installation of their 1,000th charging connector. Thanks to the continuously expanding network, electric vehicle owners can now travel and charge their cars conveniently throughout the Baltics and Poland.
Starting from November 16, the board of Enefit Power, a major industrial company within the Eesti Energia Group, will continue with a renewed composition. The goal of the board is to shape Enefit Power into a company with a clear future-oriented plan focused on core business, profitability, environmental sustainability, and competitiveness.
Eesti Energia Group's nine-month sales revenue amounted to 1.3 billion euros and normalised net profit to 191 million euros. In the third quarter, the group generated sales revenue of EUR 388 million and a normalised net loss of EUR 5.6 million. The results were impacted by the reduced competitiveness of the oil shale power plants, as well as planned maintenance of production units and seasonality in the energy business.
The Supervisory Board of Enefit Green has appointed Argo Rannamets as a Member of the Management Board. Rannamets will take up the role of the Chief Financial Officer, responsible for the company’s daily financial management, financing opportunities, and investment planning. His three-year term begins January 31, 2025.
On 9 October, Eesti Energia started providing a manual Frequency Restoration Reserve to the MARI (Manually Activated Reserves Initiative) energy market platform. Through the system operator Elering, balancing bids will now be forwarded to the pan-European platform. This is a significant step that will help to ensure the functioning of the Baltic electricity system after BRELL has been disconnected from the electricity network.
While the beginning of autumn felt very much like summer, it is naive to expect this to last. Long-term meteorological forecasts suggest that in October, air temperatures will be up to 0.5°C above average, with precipitation levels up to 5% higher than the long-term norm. It is highly likely that autumn will start behaving more like itself. In the coming months, conditions in the wholesale electricity market will be strongly influenced by renewable generation as well as the global geopolitical situation.
Enefit and Kehtna rural municipality have signed a 10-year full-service agreement under which the entire existing street lighting network will be upgraded. A total of 1,160 new, modern LED luminaires will be installed across the municipality, operating on an energy-saving dimming schedule.
As part of the Europe-wide Horizon 2020 funding project INCIT-EV, Enefit installed two reactive power-compensating fast chargers for testing at Peterburi road and Jüri Circle K service station in Harju County. The goal of the project was to determine whether reactive power could be used to maintain electrical grid stability from a future perspective.
Compared to July, electricity prices in Estonia were up 9.1%, reaching 106.95 EUR/MWh. Compared to last August, prices are up 13.3%. August was mainly impacted by windy weather in neighboring countries, leading to lower electricity prices in the first 10 days.
On September 5th, Enefit Green opened the Silalė II wind park, its first new wind farm in Lithuania in several years. The company is close to completing the Akmenė wind farm and progressing with the Kelmė I and II projects. Additionally, all 38 turbines have been installed at the Sopi-Tootsi wind farm in Estonia.
Lauri Karp will assume the role of a member of the Management Board of Eesti Energia and the Chairman of the Management Board of Enefit Power, the energy group’s large-scale industrial enterprise, starting September 7th.
Enefit has taken the next step in promoting eco-friendly mobility in the Baltics by opening its first public charging stations in Latvia in collaboration with the well-known retail chain Top!. With the launch of the new location, charging at Enefit Volt chargers is now available throughout the Baltics.
Enefit has opened a new customer service point at its office in Tartu, operational every Tuesday and Thursday. Consultants will be available to assist customers with all energy-related inquiries, and contract agreements can also be made on-site.
Construction work at Enefit Green's Sopi-Tootsi wind park has reached a significant milestone with the first three turbines beginning to produce green electricity. So far, 28 out of the park's 38 turbines have been installed, with production starting gradually. The installation of the remaining turbines is progressing according to plan.
In the second quarter, the price of electricity in Estonia increased by 2% compared to the previous year. The price increase is greatly due to the interruption of the Estlink-2 electricity connection, which means that the Baltic States receive less of the cheaper electricity from the Nordic countries.
EBRD lends €100 million for the Sopi-Tootsi wind park in Estonia, with a capacity of 255 MW. Project will increase Estonia’s electricity generation capacity by up to 10 per cent. Sopi-Tootsi wind park will save 480,000 tonnes of carbon dioxide emissions a year
As a result of tests conducted last week, Elering confirmed that Auvere power plant meets the requirements of the European frequency management platform MARI (Manually Activated Reserves Initiative) as a provider of manual Frequency Restoration Reserve (mFRR).
The sales revenues of Eesti Energia Group amounted to EUR 415.1 million, -0.2% year-on-year, in Q2 2024. Reported group EBITDA was EUR 153.5 million (+42.5% year-on-year), while adjusted EBITDA* was at EUR 158.9 million (+37.4%). The Group's reported net profit was at EUR 103.1 million (+141.6% year-on-year), adjusted net profit at EUR 108.5 million (+114.5%).
Eesti Energia’s CFO, Marlen Tamm, explained that the group’s sales revenue remained at the same level as the previous year, and the results were influenced by a significant increase in renewable energy production and, on the other hand, a decrease in electricity production from oil shale. ‘Eesti Energia's focus on low-carbon power generation will enable us to offer more competitively priced electricity to the electricity market and at the same time improve the group’s financial performance,’ said Tamm.
Ülemiste Centre has become an even greener and more convenient stop for electric vehicle owners. The shopping centre’s indoor parking now features seven 50 kW and one 22 kW electric vehicle chargers, while the outdoor parking area includes one 22 kW and one 50 kW charger, which will have its capacity increased to a remarkable 120 kW in the future.
Enefit has opened 46 public charging stations for electric vehicles in the city of Zabrze and surrounding areas in Poland. This represents the largest single deployment of a charging network by Enefit Volt in Poland so far. Located at approximately 24 different sites in and near Zabrze, Enefit Volt chargers offer charging opportunities for a total of 92 electric cars.
In Tallinn, the Ülemiste Centre's indoor car park has started operating with seven 50 kW and one 22 kW electric car chargers from Enefit Volt, as well as one 22 kW and one 50 kW charger in the outdoor car park, with future power increasing to 120 kW. Now, 20 electric cars can be charged simultaneously at the Ülemiste Centre.
The Energy Discovery Centre, housed in what used to be Tallinn’s first power plant, celebrated its 10th anniversary last month. On the occasion of the anniversary, Enefit installed nearly 69 kW of solar panels on the Energy Discovery Centre’s roof, enabling the centre to produce its own electricity on-site and significantly reduce annual electricity costs.
Eesti Energia raised 400 million euros of green hybrid bonds, listed on the London Stock Exchange to support its business and strengthen its financial position. The funds raised will be invested in ongoing and planned projects supporting the development of green energy.
Andres Vainola, a member of the Management Board of Eesti Energia, is resigning from his position in agreement with the Chairman of the Management Board, Andrus Durejko, and the Supervisory Board of the energy group as of July 5th. Additionally, Vainola will resign as the Chairman of the Management Board of Enefit Power in agreement with the Supervisory Board of Enefit Power as of September 6th.
At the beginning of June, the Enefit Smart Club event took place. It was intended for our scholarship recipients and graduates, focusing on acknowledging their self-development efforts. We encourage the pursuit of new knowledge and wish to show appreciation to the ambitious individuals currently engaged in formal education.
Enefit Green and Swedbank have signed an amendment to their loan agreement, increasing the loan amount taken in 2022 from 50 million euros to 100 million euros. Additionally, the loan maturity has been extended to December 2028.
The Supervisory Board of Enefit Green has appointed Juhan Aguraiuja, who until now has headed Adven in the Baltics, as the new Chairman of the Management Board, effective from 14 October. Aavo Kärmas, the current head of Enefit Green, will step down from his post as of 1 July in agreement with the Supervisory Board.
The combination of increased wind energy production, rainy weather and low consumption is expected to bring very low electricity prices over the weekend, after a long time.
Enefit Green, together with the Estonian Wind Energy Association, the Rescue Board and other partners, will organize an exercise on June 18-21 to practice resolving an accident at a wind farm. This is the second such broad-based exercise to be held in Estonia.
Enefit, the customer services company of Eesti Energia, is selling its Finnish customer portfolio to one of the largest energy companies in Finland, Oomi, to place greater focus on customers in the Baltics and Poland.
The construction work for the Tolpanvaara wind farm has been completed and all 13 wind turbines are producing electricity. In total, the farm produces nearly 250 gigawatt-hours of green electricity per year, which covers the annual consumption of nearly 40,000 Finnish households and helps cover the ever-increasing demand for renewable energy.
The international energy company Enefit has partnered with Solaride, becoming a member of the non-profit organisation that develops solar cars. This collaboration aims to build a winning car for the World Solar Challenge in Australia, advance innovation in the energy sector, and make engineering studies more appealing to young people.
Increasing solar energy generation in the Baltics and low demand during the summer season drives the electricity price down.
Last year, Eesti Energia invested €12.8 million in R&D, with a focus on artificial intelligence solutions for customer services, and the development of the chemical industry.
Last year, Eesti Energia invested €12.8 million in R&D, with a focus on artificial intelligence solutions for customer services, and the development of the chemical industry.
In mid-March, Enefit announced the launch of a new electricity package, Seasonal Secure, which benefits from low summer prices on the stock exchange and provides price stability in winter.
Enefit and Nordic Solar, a Danish developer of solar power plants, signed an agreement to sell the production of the 100 MW Moletai solar power plant to the market.