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Enefit Green Earnings Release 2022

Feb 9, 2022

2216_iss_2022-02-09_ba36bb4f-9051-40b1-9994-c74c82cfa6b0.pdf

Earnings Release

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

Currency

Enefit Green production data - January 2022 Title

Enefit Green produced 144.9 GWh electricity during January 2022 or 59.7% more than in the same period last year. The result was mainly driven by 73.3% growth in wind energy generation in Estonian and Lithuanian wind farms. During January 2022 the average recorded wind speed was 8.6 m/s and 8.5 m/s in Estonian and Lithuanian wind farms respectively (compared to average recorded wind speeds of 6.8 m/s and 6.0 m/s respectively in January 2021).

Heat energy production increased by 5.6% y-o-y to 61.5 GWh in January 2022.

Pellet production increased by 4.6% y-o-y to 12.7 thousand tonnes in January 2022.

January 2022 January 2021 Change, %
Electricity production by
countries, MWh
Estonia 86,951 54,921 58.3%
Lithuania 53,707 31,638 69.8%
Latvia 3,882 3,969 -2.2%
Poland 351 173 103.1%
Total 144,890 90,701 59.7%
Electricity production by
segment, MWh
Wind 126,715 73,121 73.3%

Finantsinspektsioon http://www.fi.ee

Cogeneration 17,646 17,317 1.9%
Solar 430 183 135.0%
Other 98 80 22.7%
Total 144,890 90,701 59.7%
Heat energy, MWh 61,456 58,189 5.6%
Pellets, th t 12.7 12.2 4.6%

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