Comment on an article in local media

A news story titled “The News Story of the Day” appeared on 5 January. “Government splits Gulf of Riga wind farm from state-owned Eesti Energia” This article was published by the Estonian Public Broadcasting in its news portal. It could give the wrong impression of the future of Gulf of Riga’s (Liivi), offshore wind farm.

Since the IPO (incl.  in the IPO prospectusEnefit Green has been referring the Gulf of Riga, (Liivi), project to be a project that is owned and managed by Eesti Energia. Enefit Green and Eesti Energia have signed a memorandum of agreement (MoU). Eesti Energia has offered Enefit Green the opportunity to take part in the project, and/or to acquire the project at market terms.

The Management Board of Enefit Green believes that yesterday’s government decision has not had a significant effect on the value of Enefit Green shares.

  

Additional information:
Sven Kunsing
Finance Communications Director
[email protected]
https://enefitgreen.ee/en/investorile/

Enefit Green, a leader in diversified renewable energy production in the Baltic Sea Region, is proud to be called Enefit Green. The Company is home to wind farms in Estonia as well as Lithuania and Latvia. They also have cogeneration plants in Estonia (Lettland) and solar farms both in Estonia. Additionally, the Company is currently developing numerous wind and solar farm projects in these countries as well as Finland. At the end 2021, the Group had an overall installed capacity of 457 MW for electricity and a total of 81MW for heat. The Company produced 1,193 gigawatts of electricity and 618 gigawatts of heat in 2021.