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Enefit Green

company

Enefit Green is the largest producer of renewable energy in the Baltics and a subsidiary of Eesti Energia. The company focuses on developing, constructing, and operating renewable energy assets, including wind, solar, hydro, biomass, and waste-to-energy plants. Its strategy involves significant investments in new wind and solar projects to expand its capacity across the Baltic states and Poland.

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Founded 2017 Parent: Eesti Energia
Renewable Energy DeveloperDeveloperOperator

Strategic Overview

  • Strategic goal to increase renewable energy production capacity to 4.5 TWh by 2026.
  • Focus on expanding wind and solar portfolios through both greenfield development and strategic acquisitions.
  • Primary geographic expansion targets are the Baltic states (Estonia, Latvia, Lithuania) and Poland.
  • Maintains a diversified portfolio across various renewable energy technologies including wind, solar, hydro, biomass, and waste-to-energy.

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Key People

Aavo Kärmas
Chairman of the Management Board, CEO
Innar Kaasik
Member of the Management Board, CFO
Andres Maasing
Member of the Management Board, COO
Lauri Ulm
Member of the Management Board, Head of Development

Track Record

598
MW Total
7
Years Active
Notable projects: Aulepa Wind Farm (Estonia), Narva Wind Farm (Estonia), Paldiski Wind Farm (Estonia), Tootsi Wind Farm (Estonia), Akmene Wind Farm (Lithuania), Iru Waste-to-Energy Plant (Estonia), Linnamäe Hydropower Plant (Estonia)

Detailed Analysis

Technologies
Onshore WindSolar PVHydropowerBiomassWaste-to-EnergyDistrict Heating
Sectors
UtilitiesEnergy Transition
Geographies
EstoniaLatviaLithuania (3 deals)Poland (1 deal)
Deal Stage
GreenfieldOperatingBrownfield

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