News

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.

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.

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 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.

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.

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.

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.

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, 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 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.

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.

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.

Marlen Tamm, the CFO of Eesti Energia, explained that although the group’s sales revenue and profit decreased compared to last year, it was a good quarter in terms of operating cash flow.

Enefit opened 22 public electric vehicle charging stations in the city of Bielsko-Biala and its surrounding areas in Poland. Located at 19 sites, the chargers use 100% green energy and...

Enefit is building a new-generation fibre-optic cable network which today brings high-speed Internet and TV service readiness to nearly 80,000 households.

On Monday, 1 April, Enefit Power will decommission the unprofitable cogeneration unit of the Balti Power Plant for at least a year, the production of thermal energy will continue in the reserve boiler house.

Enefit concluded a three-party contract with the Better Energy solar park and Toms chocolate factory in Poland to deliver green energy from the solar park directly to the production plant.

Raido Ivalo will assume the position of a member of the Management Board and Head of Business Technology and IT of Eesti Energia from April 1.

AS Eesti Energia (Enefit) took the next significant step by starting the final design phase of the multi-feed Naphtha refinery located in Auvere, with an annual capacity of 168,000 tonnes.

Enefit will start offering a new electricity package in April, which will benefit the customers both by providing affordable power...

Due to a technical error, nearly a third of Enefit’s electricity sales customers received an inaccurate electricity invoice for February, with an error in the monthly fee...

Starting this year, Enefit has expanded its business to government (B2G) activities, states Roul Tutt, a Member of the Management Board of Enefit, responsible for the company's sales strategy.

Eesti Energia’s normalised EBITDA (earnings before interest, taxes, depreciation and amortisation) was €483 million in 2023.

As of April, all responsibilities related to the large-scale power industry, including the operation and development of controlled electricity generation...

Eesti Energia will build the company's first large-scale storage device at the Auvere industrial complex later this year to balance the fluctuations in electricity prices caused by the growth in renewable energy production...

It is estimated that electricity contracts will expire in more than 50,000 Estonian households in the next three months. Consumers who do not want to risk fluctuations in the exchange price should fix their...

Eesti Energia launched an international competition among data scientists at the beginning of winter to find a more accurate solution for forecasting the consumption and production of micro-producers.

From the new year, all Eesti Energia energy products and services are provided by its subsidiary Enefit, which now displays the prices of electricity packages in more detail.

Eesti Energia's 600 million euro Sustainability-linked Syndicated Facility issued in February was named the most sustainable loan of the year in the region's largest and most prestigious investment-themed conference.

Betolar will start a side stream study commissioned by Eesti Energia to explore the use of ash from oil shale combustion as a binding agent in concrete.

Enefit has signed a contract with Lithuanian leading retailer Norfa to install 250 public charging stations.

Today, Enefit Green opened a solar power plant on the industrial site of the Estonia mine in Ida-Viru County. The company invested nearly €2.7 million in the construction of the solar park.

Enefit Volt, the largest electric car charging network in Estonia, will be building 32 new public electric car charging stations in the coming year in cooperation with the well-known retail chain Rimi.

Eesti Energia has launched an international competition for data scientists to create a more accurate prediction model for the consumption and production of small producers.

Enefit Volt, Estonia’s largest electric car charging service provider and TKM Kinnisvara AS have started cooperating on the installation of 31 new public electric chargers in 11 parking lots of Selver.

As of January 2024, all activities and expertise related to customer service and energy services will be transferred to a subsidiary, which will bear the Group’s international name Enefit.

Eesti Energia and the Tallinn University of Technology launched an innovative model of cooperation, signing industrial doctorate contracts with doctoral students who will...

The sales revenue of Eesti Energia Group in the third quarter amounted to 408 million euros, of which 66% was generated outside Estonia.

The September survey by EMOR reveals that Estonians support the wider uptake of wind energy, including the establishment of offshore wind farms near residential areas.

Elektrilevi is restructuring the organisation to better meet customer expectations and the needs arising from the green transition and climate change.

Eesti Energia currently has 65,000 customers who consume electricity based on the universal service package, although this is the most expensive option on the market today.

Enefit Volt, the largest public electric car charging network in Estonia, has started replacing chargers that were previously part of the Elmo network. The installation work began in June and is planned to take place until the end of 2024.

The normalised net profit of Eesti Energia in Q2 was 51 million euros, which is 52% more than in the second quarter of last year.

The sales revenues of Eesti Energia Group amounted to EUR 416.1 million, -0.1% year-on-year, in the second quarter of 2023. Reported group EBITDA was EUR 107.7 million (+17.4% year-on-year)...

On 3 August 2023 Eesti Energia will publish its 2023 Q2 results. Introduction of the results for investors will take place on 3 August at 11:00 London time, 12:00 Frankfurt time and 13:00 Tallinn time.

Estonia’s largest electric car charging network Enefit Volt will install 38 new fast chargers this summer, replacing chargers that were previously part of the Elmo network. The installation work started in June and 19 chargers have been upgraded to date.

Eesti Energia has entered into a long-term supply agreement with a Swedish tyre recycling organization, enabling the industrial recycling of waste tyres to be launched in this summer and thus contributing to reducing environmental problems in the region.

For the sixth year in a row, SEB is organising a paid, innovative internship program, Youth LAB.

Estonia's largest electric car charging network Enefit Volt will install 38 new fast charging points this summer, replacing charging points that were previously part of the Elmo network.

Over the summer, Eesti Energia will harmonise the prices of its Exchange electricity package, which will mean lower electricity prices for more than 91,000 customers from 1 July.