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Enefit Green
Legal Proceedings Report • Sep 20, 2022
2216_iss_2022-09-20_99503f3f-0da7-4e9f-91b7-54e7235feb2d.pdf
Legal Proceedings Report
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| Company | Enefit Green AS |
|---|---|
| Type | Company Release |
| Category | Other corporate action |
| Disclosure time | 20 Sep 2022 17:15:00 +0300 |
Currency
Litigation concerning Purtse wind farm Title
On 20 September 2022, Viru County Court accepted a claim by Eesti Ühistuenergia OÜ against Enefit Wind Purtse AS, a subsidiary of Enefit Green AS. The claimant requested that wind turbines more powerful than 3 MW shall not be erected in Purtse wind farm.
By the court order, Viru County Court granted the claimant's application for interim relief and prohibited erection of wind turbines more powerful than 3 MW during the court proceedings.
The Management Board of Enefit Green is of the opinion that it has acted lawfully in the construction of the Purtse wind farm and intends to object the claim and challenge the interim relief order.
Enefit Green has previously announced its intention to build five wind turbines with a capacity of 4.2 MW in the Purtse wind farm.
According to the preliminary assessment of the Management Board of Enefit Green this litigation does not have a material impact on Enefit Green's financial results.
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 wind farms in Estonia and Lithuania, cogeneration
Finantsinspektsioon http://www.fi.ee
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
