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Enefit Green
Share Issue/Capital Change • Dec 23, 2021
2216_iss_2021-12-23_d0560a19-7399-4b7e-8b71-9ab29efd9c95.pdf
Share Issue/Capital Change
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| Company | Enefit Green AS |
|---|---|
| Type | Company Release |
| Category | Other corporate action |
| Disclosure time | 23 Dec 2021 12:10:00 +0200 |
Currency
Enefit Green has taken final investment decision on 72 MW Tolpanvaara wind farm Title
Enefit Green has taken the final investment decision on 72 MW wind farm in Tolpanvaara, Finland. The project is part of Enefit Green's previously communicated near-term project pipeline to more than double its installed electricity generation capacity to 1,100 MW by 2025.
Tolpanvaara wind farm is expected to be commissioned in the end of 2023 and is expected to generate ca 250 GWh electricity per year. This corresponds to average annual consumption of ca 76,000 Estonian households.
Total investment in the wind farm is projected to reach 82.9 million EUR. The construction agreement is being prepared, the construction process will start in the first quarter of 2022. Wind turbines will be delivered by Nordex.
Enefit Green has signed a long term power purchase agreement covering 60% of the first seven years' expected production of Tolpanvaara find farm.
Enefit Green acquired Tolpanvaara project from Finnish state forest management company Metsähallitus in 2020.
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
Finantsinspektsioon http://www.fi.ee
cogeneration plants, a pellet plant and a hydroelectric plant located in Estonia, Latvia, Lithuania and Poland. As of 30 June 2021, the Group had a total installed electricity production capacity of 456 MW and a total installed heat production capacity of 81 MW. During 2020, the Company produced 1350 GWh of electricity and 543 GWh of heat.
Finantsinspektsioon http://www.fi.ee
