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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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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 are intended for charging both electric and hybrid vehicles. In total, Enefit plans to open 2,500 charging points in Poland over the next four years.

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.

Charging a personal electric car close to apartment buildings is becoming the new normal. Since 2020, developers must provide the possibility to install a charging station for every parking spot when constructing apartment buildings. The cooperation between Arco Vara and Enefit is a good example of how a solution was found together.

Eesti Energia has been working steadily to increase the share of electric cars in its fleet and has set a target to have 20% of its fleet electric by 2024.

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. 15 of them, are ultra-fast chargers, allowing you to charge the energy needed to cover 100 kilometres in only a few minutes.

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 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)...

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.

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.

On Thursday, June 1, the town’s first Enefit Volt public charger with a capacity of 22 kW started operating in the car park of Kehra Business Centre.

Next year, Eesti Energia wants to launch Estonia’s first pilot project for a large-scale storage device to make sure the solution is suitable both in Estonia and the company’s other retail markets.

Enefit Volt, the largest provider of electric vehicle charging solutions in Estonia, will receive 2 million euros of financial support from the CEF (Connecting Europe Facility) to expand their charging network in Estonia, Latvia, Lithuania and Poland.

Estonians' interest in producing electricity from the sun is growing. This is confirmed both by the number of electricity producers joining the grid and connection applications from micro-producers, which are setting new records this year.

Over the next two years Enefit VOLT, the owner of Estonia’s largest electric car charging network, aims to increase the accessibility of electric car charging in both urban...

Eesti Energia's normalized net profit in the first quarter was €142.6 million, with the sales revenue of €582.7 million. The group earned nearly 60% of its total sales revenue outside Estonia.

The sales revenues of Eesti Energia Group amounted to EUR 582.7 million, 2.0% year-on-year, in the first quarter of 2023.

On 5 May 2023 Eesti Energia will publish its 2023 Q1 results. Introducing the results for investors will take place on 5 May at 11:00 London time, 12:00 Frankfurt time and 13:00 Tallinn time.

Enefit Volt will start the construction of a charging network covering Estonia, Latvia, Lithuania and Poland in order to eliminate the main obstacle to clean transport, i.e poor infrastructure.

The exchange price of electricity has decreased to a reasonable level. Natural gas is more expensive than a few years ago, but still at a tolerable price compared to the past year.

Alexela, Eesti Energia, the Port of Tallinn, the University of Tartu and the Estonian Hydrogen Association have today signed an agreement to establish Hydrogen Valley Estonia to accelerate the vigorous and versatile development of the hydrogen industry.

Prices dropping to zero for a few hours last week does not mean that Europe has finally come out of the energy crisis.

The Chairman of the Board of the group's subsidiary Enefit Power, Andres Vainola, joined the Management Board of Eesti Energia.

European countries are looking for ways to simultaneously increase the share of green energy and their energy self-sufficiency. Finland, which wants to have offshore wind farms with a total capacity of 6 GW by 2030, took a remarkable step.

During the extraordinary general meeting of Eesti Energia AS on 3 April, Minister of Finance Annely Akkermann appointed Kaur Kajak as a new member of the Supervisory Board for a term of three years.

Last week the electricity price in Estonia was on average 72.4 €/MWh (+17.8 €/MWh compared to the previous week).

Eesti Energia invested 11.9 million euros in research and development (R&D) last year, focusing on reducing the environmental footprint of its operations and developing smarter and more useful services for customers.

We will soon update the methods of entering Eesti Energia's self-service in order to offer customers a safe way to use all of our e-services. In this regard, two methods that have been valid so far – internet bank and reference number – will be removed.

This Thursday, the Supervisory Board of Eesti Energia approved the composition of the Management Board, which will lead the company from April 1.

Russia's energy war against Europe made Norway one of the most important gas suppliers in the region, expected to remain in this role for years to come.

Nissan and Enefit Volt have signed a long-term cooperation agreement covering all the Baltic States, with which Enefit Volt will be offering chargers, their installation and after-sales service to buyers of Nissan electric cars.