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Enefit Green
M&A Activity • Mar 1, 2024
2216_iss_2024-03-01_6c7be5e3-52b2-471d-b2b1-5a36a7a6d368.pdf
M&A Activity
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| Company | Enefit Green AS |
|---|---|
| Type | Company Release |
| Category | Other corporate action |
| Disclosure time | 01 Mar 2024 13:30:00 +0200 |
Currency
Closing of the sale of Paide and Valka cogeneration plants Title
On 29 November 2023, Enefit Green signed an agreement for the sale of Paide and Valka cogeneration plants to Utilitas, the largest district heating company in Estonia (link to the stock exchange announcement on 29 November 2023 (https://view.news.eu.nasdaq.com/view?id=b61ec080adf1d0582261dc16965fb9173&lang= en)).
The transaction has received necessary approvals and has entered into force as of today, 1 March 2024.
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 renewable energy producers in the Baltic Sea area. The Company operates wind farms in Estonia and Lithuania, waste-to-energy CHP plant in Estonia, solar farms in Estonia and Poland and a hydroelectric plant in Estonia. In addition, the Company is developing several wind and solar farms in the mentioned countries, Latvia and Finland. As of the end of 2023, the Company had a total installed electricity production capacity of 515 MW and a total installed heat production capacity of 50 MW. During 2023, the Company produced 1,343 GWh of electricity, 604 GWh of heat energy and 156 thousand tonnes of wood pellets. In Q4 2023, Enefit Green signed contracts to exit biomass-based CHP and pellet production businesses with the aim of focusing on development and operation of wind and solar farms. As of 1 March 2024, these transactions have been completed.
Finantsinspektsioon http://www.fi.ee
Finantsinspektsioon http://www.fi.ee
