Enefit Green

Share Issue/Capital Change • Dec 30, 2022

Company	Enefit Green AS
Type	Company Release
Category	Other corporate action
Disclosure time	30 Dec 2022 13:30:00 +0200

Currency

Title

Enefit Green has taken final investment decision for 3 MW Estonia solar farm

Enefit Green has taken the final investment decision to construct the Estonia solar farm with a capacity of nearly 3 MW, which will be erected on a foundation purpose-built from waste rock on the industrial territory of the Estonia mine.

Estonia solar farm belongs to Enefit Green's previously communicated investment plan, which aims to quadruple company's electricity production capacity to 1,900 MW by the end of 2026.

Enefit Green is investing up to 2.73 million euros in the Estonia solar park.

Enefit Green has taken investment decisions and proceeded to construction phase with six wind farms and four solar farms in Lithuania, Estonia, Poland and Finland with a total capacity of 596 MW. Upon completion of these facilities over next two years, the total electricity production capacity of Enefit Green will increase to 1,053 MW. The 43 MW Shilale II and 75 MW Akmene wind farms in Lithuania are the first ones to reach commercial operation stage.

Further information: Sven Kunsing Head of Finance Communications investor@enefitgreen.ee (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

Finantsinspektsioon http://www.fi.ee

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