Enefit Green

Earnings Release • May 11, 2022

Company	Enefit Green AS
Type	Company Release
Category	Other corporate action
Disclosure time	11 May 2022 09:00:00 +0300

Currency

Enefit Green production data - April 2022 Title

Enefit Green produced 108.2 GWh electricity during April 2022 or 3.3% less than in the same period last year. The result was driven by 6.3% lower wind energy production. The average recorded wind speed was 6.4 m/s and 6.8 m/s in Estonian and Lithuanian wind farms respectively (compared to average recorded wind speeds of 6.8 m/s in both Estonian and Lithuanian wind farms in April 2021).

The growth in solar energy production volume reached 36% y-o-y in April 2022.

Heat energy production was up 9.0% y-o-y to 52.7 GWh in April 2022.

Pellet production increased by 127.2% y-o-y to 10.5 thousand tonnes in April 2022. The strong growth was caused by the planned maintenance stop of the production facilities in April partially shifting to the beginning of May.

		April 2022 April 2021 Change, %
Electricity production by countries, GWh
Estonia	64.4	69.9	-7.8%
Lithuania	38.5	37.7	2.0%
Latvia	3.3	2.3	42.1%
Poland	2.0	2.0	2.0%
Total	108.2	111.9	-3.3%

Electricity production by segment, GWh

Finantsinspektsioon http://www.fi.ee

Wind	88.0	93.9	-6.3%
Cogeneration	16.4	15.2	7.5%
Solar	3.7	2.7	36.0%
Other	0.2	0.1	99.2%
Total	108.2	111.9	-3.3%
Heat energy, GWh	52.7	48.3	9.0%
Pellets, th t	10.5	4.6	127.2%

Further information: Sven Kunsing Head of Finance Communications investor@enefitgreen.ee (https://www.globenewswire.com/Tracker?data=eahglFI0K4UUxwsmqXkQdO3N_ld1uojlGTE_ vteiKcyQu1wfu3r9tXxEfe64TI9iPjXXdLcA-1wKJKK402r4cwPqdjBXLG-Ga36PZFEEUJ4=) https://enefitgreen.ee/en/investorile/ (https://www.globenewswire.com/Tracker?data=2hvtWZj2Sah7P5FHBmegLeIoMx1_pu7PK9v_ TsWBkf9HVGRVBco0gBWNAR8sTIf_RfHfPw1v74a_H6m3SjVkIBzGyIVVbjGOe57EOq9 agKg8ttz2h5EHYmF0la-hs-rAYHvQm2Fvlu3QknP8tcDCA==)

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 2021, the Group had a total installed electricity production capacity of 457 MW and a total installed heat production capacity of 81 MW. During 2021, the Company produced 1,193 GWh of electricity and 618 GWh of heat.

Finantsinspektsioon http://www.fi.ee