Skip to main content

Enefit Green has taken final investment decision on 74 MW Sopi solar farm

Written by Customer Service on . Posted in Public Companies.

Enefit Green has taken final investment decision on 74 MW Sopi solar farm in Estonia. The project is part of Enefit Green’s previously communicated near-term project pipeline to quadruple its installed electricity generation capacity to 1,900 MW by the end of 2026.

Sopi solar farm is expected to be commissioned in 2025 and is expected to generate ca 75 GWh electricity per year. Enefit Green will invest nearly 44 million EUR in this project.

Together with the 255 MW Sopi-Tootsi wind farm being constructed nearby, Enefit Green will invest a total of nearly 350 million euros in the Sopi-Tootsi renewable energy area. The expected combined annual production of the wind and solar farms to be built in the Sopi-Tootsi renewable energy area is 754 GWh, which covers about 9% of the total electricity consumption in Estonia.

In order to increase the revenue certainty of the investment, Enefit Green is also concluding a contract for the sale of electricity for a part of the expected production, which will be an addition to the already concluded electricity sales contracts supporting the construction of the Sopi-Tootsi wind farm.

Further information:
Sven Kunsing
Head of Finance Communications
investor@enefitgreen.ee
https://enefitgreen.ee/en/investorile/

Enefit Green is one of the leading diversified renewable energy producers in the Baltic Sea area. The Company wind farms in Estonia and Lithuania, cogeneration plants in Estonia and Latvia, solar farms in Estonia and Poland, a pellet plant in Latvia and a hydroelectric plant in Estonia. In addition, the Company is developing several wind and solar farms in the mentioned countries and Finland. As of the end of 2022, the Company had a total installed electricity production capacity of 457 MW and a total installed heat production capacity of 81 MW. During 2022, the Company produced 1,118 GWh of electricity, 565 GWh of heat energy and 154 thousand tonnes of wood pellets.

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.