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Enefit Green Earnings Release 2022

Mar 10, 2022

2216_iss_2022-03-10_658f4292-3c81-4a24-a6a5-fb408d5eaefa.pdf

Earnings Release

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Company Enefit Green AS
Type Company Release
Category Other corporate action
Disclosure time 10 Mar 2022 09:00:00 +0200

Currency

Enefit Green production data - February 2022 Title

Enefit Green produced 136.9 GWh electricity during February 2022 or 56.0% more than in the same period last year. The result was mainly driven by 67.3% growth in wind energy production in Estonian and Lithuanian wind farms. During February 2022 the average recorded wind speed was 7.9 m/s and 8.4 m/s in Estonian and Lithuanian wind farms respectively (compared to average recorded wind speeds of 6.3 m/s and 6.3 m/s respectively in February 2021).

Heat energy production decreased by 5.6% y-o-y to 54.9 GWh in February 2022.

Pellet production increased by 16.3% y-o-y to 11.5 thousand tonnes in February 2022.

February 2022 February 2021 Change, %
Electricity production by countries, MWh
Estonia 79,947 51,892 54.1%
Lithuania 52,620 31,418 67.5%
Latvia 3,443 3,595 -4.2%
Poland 844 799 5.6%
Total 136,854 87,704 56.0%
Electricity production by segment, MWh
Wind 119,686 71,519 67.3%

Finantsinspektsioon http://www.fi.ee

Cogeneration 15,937 15,247 4.5%
Solar 1,131 867 30.4%
Other 100 71 40.8%
Total 136,854 87,704 56.0%
Heat energy, MWh 54,885 58,160 -5.6%
Pellets, th t 11.5 9.9 16.3%
Further information:
Sven Kunsing
Head of Finance Communications
[email protected]
(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 owns 22 wind farms, 38 solar power plants, 4 cogeneration plants, a pellet plant and a hydroelectric plant located in Estonia, Latvia, Lithuania and Poland. As of the end of 2021, the Group had a total installed electricity production capacity of 456 MW and a total installed heat production capacity of 81 MW. During 2021, the Company produced 1193 GWh of electricity and 618 GWh of heat.

Finantsinspektsioon http://www.fi.ee