On 2 August 2024, Enefit Green signed a €100 million loan agreement with the European Bank for Reconstruction and Development (EBRD) to finance its ongoing investment programme. The term of the concluded contract is 8 years.
Enefit Green will use the loan capital for the construction of the Sopi-Tootsi wind farm in Estonia. Sopi-Tootsi wind farm is the largest wind farm under construction in Estonia with a capacity of 255 MW. After its completion in 2025, this wind farm will cover approximately 40% of annual electricity consumption of Estonian households. Sopi-Tootsi wind farm will help to further decarbonise Estonia’s electricity production by saving an estimated 480,000 tonnes of CO2 emissions per year.
Enefit Green is currently constructing five wind and three solar farms in Estonia, Lithuania, Poland and Latvia with a total capacity of 637 MW. After commissioning 72MW Tolpanvaara wind farm in Finland earlier this year, Enefit Green’s operating electricity generation capacity has risen to 587 MW.
