Enefit Green

Earnings Release • May 11, 2023

Company	Enefit Green AS
Type	Company Release
Category	Other corporate action
Disclosure time	11 May 2023 09:00:00 +0300

Currency

Enefit Green production data – April 2023 Title

Enefit Green produced 107.4 GWh of electricity in April, which is 0.8% less than in the same period last year. The production result was mainly influenced by the lower production in Estonian wind farms. New wind farms in Lithuania and Estonia and new solar farms in Estonia and Poland all helped to boost electricity production (with combined +24.1 GWh) which was otherwise weaker on like-for-like basis primarily due to slower wind speeds.

The average wind speeds in April were 5.7 m/s and 5.9 m/s, respectively in Estonian and Lithuanian wind farms (in April 2022, the average measured wind speeds were 6.4 m/s and 6.8 m/s, respectively).

The electricity and heat energy production of the cogeneration segment was also lower, decreasing by 6.2% and by 4.1% respectively compared to the same month last year. This was largely explained by 2-week planned maintenance break at Broceni CHP and pellet plant. Pellet production decreased by 24.4% compared to a year earlier to 7.9 thousand tons. The maintenance works are reoccurring annually, but with some timing shifts between weeks and months of different years.

April 2023 April 2022 Change, %

Electricity production by countries, GWh

Estonia	56.4	64.4	-12.5%
Lithuania	46.4	38.5	20.5%
Latvia	2.1	3.3	-36.9%
Poland	2.6	2.0	26.8%
Total	107.4	108.2	-0.8%

Finantsinspektsioon http://www.fi.ee

Electricity production by segment, GWh

Wind	86.6	88.0	-1.5%
incl. new wind farms	22.4	-	-
Cogeneration	15.4	16.4	-6.2%
Solar	5.2	3.7	40.6%
incl. new solar farms	1.7	-	-
Other	0.2	0.2	15.1%
Total	107.4	108.2	-0.8%
Heat energy, GWh	50.5	52.7	-4.1%
Pellets, th t	7.9	10.5	-24.4%
Further information: Sven Kunsing Head of Finance Communications investor@enefitgreen.ee (https://www.globenewswire.com/Tracker?data=eahglFI0K4UUxwsmqXkQdO3N_ld1uojlGTE_ vteiKcyQu1wfu3r9tXxEfe64TI9iPjXXdLcA-1wKJKK402r4cwPqdjBXLG-Ga36PZFEEUJ4=)

(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 2022, the Company had a total installed electricity production capacity of 457 MW and a total installed heat production capacity of 81 MW.

Finantsinspektsioon http://www.fi.ee

During 2022, the Company produced 1,118 GWh of electricity, 565 GWh of heat energy and 154 thousand tonnes of wood pellets.

Finantsinspektsioon http://www.fi.ee